Barclays Maintains Underweight on Sitio Royalties, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Betty Jiang has maintained an Underweight rating on Sitio Royalties (NYSE:STR) but raised the price target from $26 to $27.
May 09, 2024 | 3:38 pm
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Barclays maintains an Underweight rating on Sitio Royalties but increases the price target from $26 to $27.
The adjustment in price target by Barclays reflects a nuanced view on STR's valuation, suggesting a slight improvement in the company's outlook or market conditions affecting it. However, the Underweight rating indicates ongoing concerns about the company's performance relative to the market or sector, which could limit any positive stock price movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90