Susquehanna Maintains Positive on EOG Resources, Lowers Price Target to $147
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Biju Perincheril has maintained a Positive rating on EOG Resources (NYSE:EOG) but has lowered the price target from $164 to $147.
January 26, 2024 | 8:41 pm
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NEUTRAL IMPACT
Susquehanna analyst Biju Perincheril maintains a Positive rating on EOG Resources but reduces the price target from $164 to $147.
While the maintenance of a Positive rating suggests continued confidence in EOG Resources' fundamentals, the reduction in the price target could signal a tempered outlook on the stock's valuation or potential headwinds. This mixed signal is likely to have a neutral short-term impact on the stock price as the market digests both the affirmation of the company's positive outlook and the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100