Stifel Maintains Buy on Mach Natural Resources, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Mach Natural Resources (NYSE:MNR) but has reduced the price target from $31 to $30.

December 22, 2023 | 12:15 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Mach Natural Resources but lowers the price target from $31 to $30.
The reduction in price target by Stifel could have a mixed impact on MNR's stock price. While maintaining a Buy rating is positive, lowering the price target might signal a reduced growth outlook, which could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100