Mizuho Maintains Neutral on Pioneer Natural Resources, Raises Price Target to $275
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Neutral rating on Pioneer Natural Resources (NYSE:PXD) and increased the price target from $264 to $275.

February 26, 2024 | 11:33 am
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Mizuho has maintained a Neutral rating on Pioneer Natural Resources but raised the price target from $264 to $275.
The increase in the price target by Mizuho suggests a positive outlook on the stock's value, potentially leading to short-term investor optimism and a positive impact on the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, which might temper expectations for a significant price movement.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90