Raymond James Maintains Strong Buy on Kimbell Royalty Partners, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained a Strong Buy rating on Kimbell Royalty Partners (NYSE:KRP) but reduced the price target from $22 to $20.
January 24, 2024 | 8:08 pm
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Raymond James reaffirmed a Strong Buy rating on Kimbell Royalty Partners, but lowered the price target from $22 to $20.
While the Strong Buy rating reaffirms confidence in KRP's fundamentals, the reduction in price target could signal a reassessment of the company's near-term growth prospects or market conditions, potentially leading to mixed reactions in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100