Stifel Maintains Buy on PHX Minerals, Lowers Price Target to $5.5
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on PHX Minerals (NYSE:PHX) but has reduced the price target from $5.7 to $5.5.

January 23, 2024 | 7:32 pm
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NEUTRAL IMPACT
Stifel analyst Derrick Whitfield maintains a Buy rating on PHX Minerals but lowers the price target from $5.7 to $5.5.
While the reduction in price target could be perceived negatively as it suggests a lower valuation, the maintenance of a Buy rating indicates that the analyst still sees upside potential in the stock. The impact is likely to be neutral in the short term as the positive sentiment from the Buy rating could offset the negative sentiment from the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100