Piper Sandler Downgrades Southwestern Energy to Neutral, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear downgraded Southwestern Energy (NYSE:SWN) from Overweight to Neutral and reduced the price target from $8 to $7.
April 19, 2024 | 5:37 pm
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NEGATIVE IMPACT
Southwestern Energy was downgraded by Piper Sandler from Overweight to Neutral with a price target reduction from $8 to $7.
The downgrade by a prominent analyst and the reduction in price target are likely to negatively impact investor sentiment towards Southwestern Energy in the short term, potentially leading to a decrease in its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100