Truist Securities Maintains Buy on Riley Exploration Permian, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann maintains a Buy rating on Riley Exploration Permian (REPX) but lowers the price target from $51 to $48.
May 06, 2024 | 12:48 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on REPX but lowers the price target from $51 to $48.
The adjustment in price target by Truist Securities reflects a nuanced view on REPX's valuation, suggesting a positive outlook albeit with a slightly reduced growth expectation. The Buy rating indicates continued confidence in the company's performance, but the lowered price target may temper short-term expectations among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100