Truist Securities Maintains Buy on EOG Resources, Lowers Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann maintains a Buy rating on EOG Resources (NYSE:EOG) but lowers the price target from $172 to $165.

February 26, 2024 | 1:21 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on EOG Resources but lowers the price target from $172 to $165.
While the reduction in price target could suggest a slightly less optimistic outlook on EOG Resources' stock value, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100