JP Morgan Maintains Overweight on Permian Resources, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Arun Jayaram maintains an Overweight rating on Permian Resources (NYSE:PR) and raises the price target from $18 to $20.
April 12, 2024 | 1:48 pm
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POSITIVE IMPACT
JP Morgan analyst Arun Jayaram maintains an Overweight rating on Permian Resources and raises the price target from $18 to $20.
The upgrade in price target by a reputable analyst like Arun Jayaram from JP Morgan is a strong positive signal for investors, indicating a bullish outlook on Permian Resources. This is likely to increase investor confidence and could lead to a short-term price increase as the market reacts to the new price target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100