Truist Securities Maintains Buy on Coterra Energy, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Derrick Whitfield maintains a Buy rating on Coterra Energy (CTRA) but lowers the price target from $33 to $31.

March 22, 2024 | 1:28 pm
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Truist Securities maintains a Buy rating on Coterra Energy but lowers the price target from $33 to $31.
The adjustment in price target by Truist Securities reflects a slight moderation in their valuation assessment of Coterra Energy, likely due to updated market conditions or company performance insights. However, maintaining a Buy rating indicates a continued positive outlook on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest both the maintained confidence and the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100