Citigroup Initiates Coverage On SilverBow Resources with Neutral Rating, Announces Price Target of $34
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Diamond has initiated coverage on SilverBow Resources (NYSE:SBOW) with a Neutral rating and set a price target of $34.
December 20, 2023 | 5:15 pm
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NEUTRAL IMPACT
Citigroup has initiated coverage on SilverBow Resources with a Neutral rating and a price target of $34.
The initiation of coverage by Citigroup with a Neutral rating is a new analytical perspective on SilverBow Resources, which could bring more attention to the stock. However, a Neutral rating suggests that Citigroup does not see significant upside or downside in the near term, which is why the impact score is neutral. The price target of $34 provides a reference point for investors but does not imply a strong movement in either direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100