RBC Capital Reiterates Outperform on Permian Resources, Maintains $17 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Hanold has reiterated an Outperform rating on Permian Resources (NYSE:PR) and maintained a $17 price target on the company's stock.
January 23, 2024 | 3:52 pm
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RBC Capital analyst Scott Hanold reaffirmed an Outperform rating on Permian Resources and kept the price target at $17, indicating a positive outlook on the stock.
The reiteration of an Outperform rating by a prominent analyst suggests a positive sentiment towards Permian Resources' stock. Maintaining a price target of $17 indicates the analyst's belief that the stock has the potential to reach or exceed this level in the short term, which could influence investor confidence and drive the stock price upward.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100