Johnson Rice Downgrades APA to Hold, Announces $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Charles Meade, an analyst at Johnson Rice, has downgraded APA Corporation (NASDAQ:APA) from Buy to Hold and set a price target of $40.
January 05, 2024 | 6:05 pm
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NEGATIVE IMPACT
APA Corporation was downgraded by Johnson Rice from Buy to Hold with a price target of $40.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a short-term decline in the stock price. The new price target of $40 provides a reference that may influence investor expectations and trading behavior.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100