Mizuho Maintains Neutral on Magnolia Oil & Gas, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Neutral rating on Magnolia Oil & Gas (MGY) and increased the price target from $24 to $26.

March 14, 2024 | 1:06 pm
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Mizuho has maintained a Neutral rating on Magnolia Oil & Gas and raised the price target from $24 to $26.
The increase in the price target from $24 to $26 by Mizuho suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. The Neutral rating indicates that the stock is expected to perform in line with the market or sector, suggesting no significant overperformance or underperformance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90