UBS Maintains Neutral on Permian Resources, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein has maintained a Neutral rating on Permian Resources (NYSE:PR) but has lowered the price target from $15 to $14.
December 14, 2023 | 4:48 pm
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NEGATIVE IMPACT
UBS analyst Josh Silverstein maintained a Neutral rating on Permian Resources and reduced the price target from $15 to $14.
The reduction in price target by UBS suggests a less optimistic valuation of Permian Resources, which could lead to a negative short term impact on the stock price as investors adjust to the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100