Piper Sandler Maintains Neutral on Northern Oil & Gas, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear has maintained a Neutral rating on Northern Oil & Gas (NYSE:NOG) but has lowered the price target from $44 to $39.
January 24, 2024 | 2:58 pm
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NEGATIVE IMPACT
Piper Sandler has maintained a Neutral rating on Northern Oil & Gas while reducing the price target from $44 to $39, indicating a potential downside compared to the previous target.
The reduction in price target by Piper Sandler suggests a less optimistic valuation of Northern Oil & Gas, which could lead to a negative perception among investors and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100