Mizuho Maintains Buy on Permian Resources, Raises Price Target to $21
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 $20 to $21.

May 08, 2024 | 12:00 pm
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Mizuho analyst Nitin Kumar reaffirmed a Buy rating on Permian Resources and raised the price target to $21.
The upgrade in price target by a reputable analyst like Nitin Kumar suggests a positive outlook on Permian Resources' stock, likely due to favorable market conditions or company performance. This can lead to increased investor confidence and potential stock price appreciation in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100