UBS Maintains Neutral Rating for Permian Resources: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained a Neutral rating for Permian Resources (NYSE:PR) but lowered its price target from $15.00 to $14.00. Permian Resources' shares are currently trading at $13.15, up 0.84% over the last 24 hours. The new price target suggests a potential upside of 6.46% from the current share price. Permian Resources is an independent oil and natural gas company.
December 14, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
UBS maintains a Neutral rating on Permian Resources with a reduced price target from $15.00 to $14.00, indicating a potential 6.46% upside from the current price.
The reduction in price target by UBS may initially cause concern among investors, but the maintenance of a Neutral rating combined with the potential upside of 6.46% could be seen as a positive signal, suggesting that the stock may still have room to grow despite the lowered target. The impact is likely to be moderate given that the rating did not change and the price target is still above the current trading price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100