Susquehanna Maintains Neutral on Hess, Lowers Price Target to $152
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Biju Perincheril has maintained a Neutral rating on Hess Corporation (NYSE:HES) but reduced the price target from $160 to $152.
January 26, 2024 | 8:44 pm
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NEUTRAL IMPACT
Susquehanna analyst Biju Perincheril maintains a Neutral rating on Hess Corporation but lowers the price target from $160 to $152.
The reduction in price target by Susquehanna reflects a slightly less optimistic valuation of Hess Corporation, which could lead to a neutral short-term impact on the stock price. The maintenance of a Neutral rating suggests no significant change in the company's outlook, while the lowered price target indicates a minor adjustment in expected performance. Investors may view this as a modest negative signal, but the impact is likely to be limited given the unchanged rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100