Piper Sandler Maintains Overweight on Sitio Royalties, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear has maintained an Overweight rating on Sitio Royalties (NYSE:STR) but has reduced the price target from $31 to $26. This adjustment reflects a more conservative valuation of STR's stock.
January 24, 2024 | 3:37 pm
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Sitio Royalties' stock rating remains Overweight according to Piper Sandler, but the price target has been lowered from $31 to $26, indicating a potential decrease in stock value.
The reduction in price target by Piper Sandler suggests that there may be factors that could lead to a lower market valuation of Sitio Royalties. This could potentially influence investors to adjust their expectations and could lead to a short-term decrease in the stock price.
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