Stifel Maintains Buy on Coterra Energy, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Coterra Energy (NYSE:CTRA) but has reduced the price target from $37 to $33.

January 23, 2024 | 5:31 pm
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Stifel analyst Derrick Whitfield maintains a Buy rating on Coterra Energy but lowers the price target from $37 to $33.
While the reduction in price target could be seen as a negative signal, the maintenance of a Buy rating suggests that the analyst still sees positive potential in Coterra Energy's stock. The impact is likely to be neutral in the short term as the market digests both the positive endorsement and the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100