B of A Securities Downgrades Northern Oil & Gas to Underperform, Announces $39 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst John Abbott has downgraded Northern Oil & Gas (NYSE:NOG) from Buy to Underperform and set a price target of $39.
January 05, 2024 | 2:30 pm
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Northern Oil & Gas was downgraded by B of A Securities from Buy to Underperform with a new price target of $39.
Downgrades by analysts can lead to a negative perception among investors and a potential decrease in stock price. The new price target of $39 may also influence market expectations and trading behavior.
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