Citigroup Maintains Buy on Northern Oil & Gas, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Diamond has maintained a Buy rating on Northern Oil & Gas (NYSE:NOG) but has lowered the price target from $55 to $50.

May 03, 2024 | 10:04 pm
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Citigroup maintains a Buy rating on Northern Oil & Gas but lowers the price target from $55 to $50.
The adjustment in price target by Citigroup, while maintaining a Buy rating, suggests a positive outlook on NOG's fundamentals but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market digests the revised target alongside the continued endorsement of the stock's potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100