Stifel Maintains Buy on Mach Natural Resources, Lowers Price Target to $30-Report Released on 21 December 2023
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Mach Natural Resources (NYSE:MNR) but has lowered the price target from $31 to $30 as reported on December 21, 2023.
December 22, 2023 | 7:00 pm
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Stifel analyst Derrick Whitfield maintains a Buy rating on Mach Natural Resources but reduces 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 the Buy rating reaffirms a positive outlook, the lowered price target may signal a tempered expectation for the stock's growth potential. Investors may react cautiously to the new price target, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100