Raymond James Maintains Strong Buy on EOG Resources, Lowers Price Target to $148
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained a Strong Buy rating on EOG Resources (NYSE:EOG) but reduced the price target from $154 to $148.
December 21, 2023 | 12:27 pm
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Raymond James has reaffirmed a Strong Buy rating on EOG Resources, indicating continued confidence in the company's performance, but has lowered the price target from $154 to $148.
The reaffirmation of a Strong Buy rating suggests that Raymond James remains optimistic about EOG Resources' fundamentals and future performance. However, the reduction in the price target could reflect a minor adjustment in valuation expectations, possibly due to market conditions or updated analysis. This news is likely to be viewed neutrally by investors as the positive rating is maintained, but the price target adjustment may temper expectations slightly.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100