Piper Sandler Maintains Overweight Rating for Permian Resources: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Piper Sandler has maintained its Overweight rating on Permian Resources (NYSE:PR) and increased its price target from $17.00 to $22.00. Shares of Permian Resources have risen 1.09% in the last 24 hours to $15.80. The new price target suggests a potential upside of 39.24%. Permian Resources is an oil and natural gas company with operations primarily in the Permian Basin.
March 07, 2024 | 5:00 pm
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Piper Sandler maintains Overweight rating on Permian Resources, raising price target from $17 to $22. Shares currently at $15.80, indicating a potential 39.24% upside.
The maintenance of an Overweight rating and the increase in price target by Piper Sandler are strong positive signals for investors, suggesting confidence in Permian Resources' future performance. The potential 39.24% upside to the new price target indicates significant growth expectations, likely influencing investor sentiment and potentially driving short-term price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100