Mizuho Maintains Buy on Permian Resources, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on Permian Resources (NYSE:PR) and increased the price target from $16 to $18, indicating a positive outlook on the company's stock.
March 07, 2024 | 11:47 am
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Mizuho analyst Nitin Kumar reaffirms Buy rating on Permian Resources and raises price target to $18, signaling confidence in the company's future performance.
The increase in price target by Mizuho reflects a strong confidence in Permian Resources' potential for growth and profitability. This endorsement from a reputable analyst is likely to positively influence investor sentiment and could lead to an uptick in PR's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100