Stifel Maintains Buy on Sitio Royalties, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Sitio Royalties (NYSE:STR) but has reduced the price target from $33 to $31.
January 23, 2024 | 7:41 pm
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Stifel maintains a Buy rating on Sitio Royalties but lowers the price target from $33 to $31.
While the reduction in price target could suggest a slightly less optimistic outlook on the stock's valuation, the maintenance of a Buy rating indicates that the analyst still sees positive potential in Sitio Royalties. The impact on the stock price is likely to be neutral in the short term as the positive sentiment of the Buy rating is counterbalanced by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100