Stifel Maintains Buy on Vital Energy, Lowers Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Vital Energy (NYSE:VTLE) but has reduced the price target from $86 to $70. This adjustment reflects a change in valuation but still indicates a positive outlook on the company's stock.

January 23, 2024 | 7:57 pm
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Stifel analyst Derrick Whitfield maintains a Buy rating on Vital Energy but lowers the price target from $86 to $70, indicating a positive yet more conservative outlook.
The reduction in price target may cause some investors to adjust their expectations for VTLE's stock performance, potentially leading to short-term price volatility. However, the maintenance of a Buy rating suggests that the analyst still sees upside potential, which could mitigate any negative impact from the target price reduction.
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