JP Morgan Maintains Overweight on Matador Resources, Raises Price Target to $77
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Zach Parham has maintained an Overweight rating on Matador Resources (MTDR) and increased the price target from $76 to $77.
April 11, 2024 | 12:42 pm
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JP Morgan analyst Zach Parham reaffirmed an Overweight rating on Matador Resources and raised the price target to $77.
The upgrade in the price target by a reputable analyst like Zach Parham from JP Morgan is a positive signal for investors, indicating a bullish outlook on the stock. This could lead to increased investor confidence and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100