Raymond James Maintains Outperform on Coterra Energy, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained an Outperform rating on Coterra Energy (NYSE:CTRA) but has reduced the price target from $34 to $32.

December 19, 2023 | 12:41 pm
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NEUTRAL IMPACT
Raymond James has maintained an Outperform rating on Coterra Energy but lowered the price target from $34 to $32, indicating a positive outlook with a slightly reduced growth expectation.
The maintenance of an Outperform rating suggests that Raymond James believes Coterra Energy will continue to perform well, but the reduction in the price target may reflect a more conservative view on the company's growth prospects or market conditions. This could lead to a neutral short-term impact on the stock as the positive rating is counterbalanced by the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100