Citigroup Maintains Buy on Northern Oil & Gas, Lowers Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Scott Gruber maintains a Buy rating on Northern Oil & Gas (NOG) but lowers the price target from $50 to $45.

February 28, 2024 | 6:56 pm
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Citigroup maintains a Buy rating on Northern Oil & Gas but lowers the price target from $50 to $45.
The reduction in price target by Citigroup, despite maintaining a Buy rating, could lead to mixed reactions in the market. Investors might appreciate the continued confidence (Buy rating) but could be concerned about the lowered price target, potentially leading to short-term price volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100