Keybanc Maintains Overweight on Kimbell Royalty Partners, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Tim Rezvan has maintained an Overweight rating on Kimbell Royalty Partners (NYSE:KRP) but has reduced the price target from $21 to $20.

January 11, 2024 | 4:04 pm
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Keybanc has maintained an Overweight rating on Kimbell Royalty Partners but lowered the price target from $21 to $20.
While the reduction in price target could suggest a slightly less bullish outlook, the maintenance of an Overweight rating indicates that Keybanc still sees positive fundamentals in KRP. The impact on the stock price is likely to be neutral in the short term as the lowered price target is offset by the continued positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100