Raymond James Maintains Outperform on Matador Resources, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained an Outperform rating on Matador Resources (NYSE:MTDR) but has reduced the price target from $76 to $70.

January 08, 2024 | 5:58 pm
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Raymond James has maintained an Outperform rating on Matador Resources but lowered the price target from $76 to $70.
While the Outperform rating suggests that Raymond James still sees Matador Resources as a good investment, the reduction in the price target could imply a more conservative view on the stock's growth potential or a response to market conditions. This might lead to a neutral short-term impact as the positive sentiment from the Outperform rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100