Mizuho Maintains Buy on Matador Resources, Lowers Price Target to $67
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on Matador Resources (NYSE:MTDR) but has reduced the price target from $83 to $67.
January 03, 2024 | 4:57 pm
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NEUTRAL IMPACT
Mizuho has maintained a Buy rating on Matador Resources but lowered the price target from $83 to $67, indicating a positive outlook but with reduced expectations.
While the Buy rating suggests continued confidence in Matador Resources' performance, the reduction in price target may reflect a reassessment of near-term growth prospects or market conditions. This could lead to a mixed reaction in the short term as investors balance the positive rating against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100