Stifel Maintains Buy on Paramount Resources, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Cody Kwong maintains a Buy rating on Paramount Resources (OTC:PRMRF) but lowers the price target from $35.5 to $33.
March 07, 2024 | 5:54 pm
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Stifel analyst Cody Kwong maintains a Buy rating on Paramount Resources but lowers the price target from $35.5 to $33.
The adjustment in price target by Stifel, while maintaining a Buy rating, suggests a positive outlook on Paramount Resources but with a slightly reduced growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the new price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100