Stifel Maintains Hold on Texas Pacific Land, Lowers Price Target to $1414
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Hold rating on Texas Pacific Land (NYSE:TPL) but has reduced the price target from $1558 to $1414.

January 23, 2024 | 7:46 pm
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Stifel analyst Derrick Whitfield maintains a Hold rating on Texas Pacific Land and lowers the price target from $1558 to $1414, indicating a potential downside or limited upside.
The reduction in the price target by Stifel suggests that the analyst sees less potential for price appreciation in Texas Pacific Land's stock. This could lead to a negative sentiment among investors in the short term, potentially causing the stock price to adjust downward to reflect the new analyst expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100