Stifel Maintains Buy on EOG Resources, Lowers Price Target to $163
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on EOG Resources (NYSE:EOG) but has reduced the price target from $165 to $163.
January 23, 2024 | 7:12 pm
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NEUTRAL IMPACT
Stifel has maintained a Buy rating on EOG Resources but lowered the price target from $165 to $163, indicating continued confidence in the company's performance albeit with a slightly reduced growth expectation.
The reduction in price target is minor, suggesting a slight adjustment in growth expectations rather than a significant change in the company's outlook. As the rating remains a Buy, the overall sentiment towards EOG Resources remains positive. This could lead to a neutral short-term impact on the stock price as the market absorbs the slight change in valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100