Mizuho Downgrades Southwestern Energy to Underperform, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has downgraded Southwestern Energy (NYSE:SWN) from Neutral to Underperform and reduced the price target from $9 to $6.
January 03, 2024 | 1:46 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Southwestern Energy's stock rating has been downgraded by Mizuho analyst Nitin Kumar from Neutral to Underperform, with a price target reduction from $9 to $6.
The downgrade by a Mizuho analyst from a Neutral to an Underperform rating, accompanied by a significant price target reduction, is likely to negatively impact investor sentiment and could lead to a short-term decline in Southwestern Energy's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100