Mizuho Maintains Buy on EOG Resources, Raises Price Target to $156
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains a Buy rating on EOG Resources (EOG) and raises the price target from $140 to $156.
May 13, 2024 | 3:14 pm
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POSITIVE IMPACT
Mizuho analyst Nitin Kumar reaffirmed a Buy rating on EOG Resources and increased the price target to $156 from $140, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a strong confidence in EOG Resources' future performance. Such endorsements typically lead to a positive short-term price movement as market participants adjust their expectations based on the new analyst target.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100