Citigroup Maintains Sell on Magnolia Oil & Gas, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Diamond has maintained a Sell rating on Magnolia Oil & Gas (MGY) but raised the price target from $18 to $22.
April 15, 2024 | 2:55 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Citigroup maintains a Sell rating on Magnolia Oil & Gas but increases the price target from $18 to $22.
While the Sell rating suggests a negative outlook on the stock, the increase in price target from $18 to $22 indicates a slightly more optimistic view of the company's valuation. This mixed signal could lead to short-term uncertainty among investors, potentially stabilizing the stock price as the market digests the implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100