Mizuho Maintains Buy on Permian Resources, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on Permian Resources (NYSE:PR) and increased the price target from $18 to $20.
April 15, 2024 | 11:22 am
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POSITIVE IMPACT
Mizuho analyst Nitin Kumar reaffirmed a Buy rating on Permian Resources and raised the price target to $20.
The upgrade in price target by a reputable analyst like Nitin Kumar from Mizuho signals a strong confidence in Permian Resources' future performance. This endorsement is likely to positively influence investor sentiment and could lead to an increase in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100