B of A Securities Downgrades EOG Resources to Neutral, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Doug Leggate downgraded EOG Resources (NYSE:EOG) from Buy to Neutral and reduced the price target from $147 to $140.
January 05, 2024 | 2:31 pm
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NEGATIVE IMPACT
EOG Resources was downgraded by B of A Securities from Buy to Neutral with a price target decrease from $147 to $140.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The reduction in the price target further supports the expectation of a decrease in stock value.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100