B of A Securities Upgrades Coterra Energy to Buy, Announces $31 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Doug Leggate has upgraded Coterra Energy (NYSE:CTRA) from Neutral to Buy and set a price target of $31. This upgrade suggests a positive outlook for Coterra Energy's stock.
January 05, 2024 | 1:35 pm
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POSITIVE IMPACT
Coterra Energy has been upgraded from Neutral to Buy by B of A Securities, with a new price target of $31, indicating a potential upside for the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they suggest improved fundamentals or future prospects for the company. The new price target of $31 implies a bullish view on the stock, which may influence investors to adjust their positions accordingly.
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