Morgan Stanley Maintains Equal-Weight on Coterra Energy, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott has maintained an Equal-Weight rating on Coterra Energy (NYSE:CTRA) and reduced the price target from $27 to $26.
March 28, 2024 | 6:46 pm
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NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Coterra Energy and lowers the price target from $27 to $26.
The reduction in price target by a reputable analyst like Devin McDermott could lead to a negative short-term sentiment among investors, potentially causing a decrease in Coterra Energy's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100