Raymond James Maintains Outperform on Vital Energy, Lowers Price Target to $53
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained an Outperform rating on Vital Energy (NYSE:VTLE) but reduced the price target from $67 to $53.

January 08, 2024 | 5:48 pm
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NEGATIVE IMPACT
Vital Energy's Outperform rating is maintained by Raymond James, but the price target is lowered from $67 to $53.
The reduction in price target by a reputable analyst like John Freeman from Raymond James could lead to a negative short-term sentiment among investors, potentially causing a decrease in Vital Energy's stock price. However, the maintenance of the Outperform rating suggests that the analyst still sees long-term value in the company, which might mitigate some negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100