Raymond James Maintains Strong Buy on Northern Oil & Gas, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst John Freeman has maintained a Strong Buy rating on Northern Oil & Gas (NYSE:NOG) but reduced the price target from $51 to $45.
January 24, 2024 | 8:12 pm
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Northern Oil & Gas's Strong Buy rating is maintained by Raymond James, although the price target has been lowered from $51 to $45.
The reduction in price target may cause some investors to adjust their valuation models, potentially leading to short-term price fluctuations. However, the maintenance of a Strong Buy rating suggests that the analyst still sees significant upside potential, which could mitigate any negative impact from the price target reduction.
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IMPORTANCE 75
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