JP Morgan Maintains Overweight on SM Energy, Raises Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Zach Parham has maintained an Overweight rating on SM Energy (NYSE:SM) and increased the price target from $49 to $54.
April 09, 2024 | 3:09 pm
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POSITIVE IMPACT
JP Morgan analyst Zach Parham has reaffirmed an Overweight rating on SM Energy and raised the price target from $49 to $54.
The increase in the price target by a reputable analyst like Zach Parham from JP Morgan is a strong positive signal for SM Energy. It suggests a bullish outlook on the stock's future performance, potentially leading to increased investor confidence and upward movement in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100