Benchmark Maintains Buy on Matador Resources, Lowers Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Subash Chandra has maintained a Buy rating on Matador Resources (NYSE:MTDR) but has reduced the price target from $71 to $62.
January 25, 2024 | 3:36 pm
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Benchmark analyst Subash Chandra maintains a Buy rating on Matador Resources but lowers the price target from $71 to $62.
While the Buy rating indicates continued confidence in the company's performance, the reduction in price target may reflect a revised outlook on the company's future growth or market conditions. This could lead to mixed reactions in the short term, as investors appreciate the positive rating but also take into account the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100