Mizuho Maintains Underperform on APA, Raises Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst William Janela has maintained an Underperform rating on APA Corporation (NASDAQ:APA) while raising the price target from $32 to $34.

May 13, 2024 | 2:54 pm
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Mizuho analyst William Janela maintained an Underperform rating on APA Corporation but increased the price target from $32 to $34.
The maintenance of an Underperform rating suggests a negative outlook on the stock, despite the increase in price target. This could indicate that the analyst sees limited upside potential or underlying issues that could affect the stock's performance. The increase in price target might reflect some positive adjustments in valuation metrics, but the overall negative rating dominates the sentiment, likely leading to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100