Barclays Initiates Coverage On EOG Resources with Equal-Weight Rating, Announces Price Target of $144
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Betty Jiang has initiated coverage on EOG Resources (NYSE:EOG) with an Equal-Weight rating and set a price target of $144.
April 10, 2024 | 1:49 pm
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Barclays initiated coverage on EOG Resources with an Equal-Weight rating and a price target of $144.
The initiation of coverage by Barclays with an Equal-Weight rating and a specific price target provides investors with a new professional analysis to consider. However, an Equal-Weight rating suggests that Barclays views EOG's stock as fairly valued at its current price, implying that the stock might not experience significant price movements in the short term unless new, more impactful information becomes available.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100