Stifel Maintains Buy on EOG Resources, Lowers Price Target to $153
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield maintains a Buy rating on EOG Resources (NYSE:EOG) but lowers the price target from $163 to $153.

March 22, 2024 | 1:41 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on EOG Resources but lowers the price target from $163 to $153.
While the reduction in the price target from $163 to $153 by Stifel could be seen as a negative signal, the maintenance of a Buy rating suggests continued confidence in the company's fundamentals. This mixed signal is likely to have a neutral short-term impact on EOG's stock price, as the market balances the lowered price target with the reaffirmed positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100