Truist Securities Maintains Buy on Northern Oil & Gas, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann has maintained a Buy rating on Northern Oil & Gas (NOG) but lowered the price target from $56 to $55.
April 05, 2024 | 5:18 pm
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Truist Securities maintains a Buy rating on Northern Oil & Gas but lowers the price target from $56 to $55.
The adjustment in price target by Truist Securities from $56 to $55, while maintaining a Buy rating, suggests a slight moderation in the short-term growth outlook for Northern Oil & Gas. However, the continued Buy rating indicates a positive outlook on the company's fundamentals. This could lead to mixed reactions in the market, potentially stabilizing the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100