Piper Sandler Maintains Neutral on Vital Energy, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear has maintained a Neutral rating on Vital Energy (NYSE:VTLE) but has reduced the price target from $55 to $50.
January 24, 2024 | 3:41 pm
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Piper Sandler has maintained a Neutral rating on Vital Energy but lowered the price target from $55 to $50, indicating a potential downside or limited upside.
The reduction in price target by Piper Sandler suggests that the analyst sees less potential for price appreciation in Vital Energy's stock. This could lead to a negative investor sentiment in the short term and potentially cause the stock price to adjust downwards or show limited growth.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100