Mizuho Maintains Neutral on Magnolia Oil & Gas, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst William Janela has maintained a Neutral rating on Magnolia Oil & Gas (MGY) and raised the price target from $26 to $28.

May 13, 2024 | 3:29 pm
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Mizuho analyst William Janela maintained a Neutral rating on Magnolia Oil & Gas and increased the price target from $26 to $28.
The increase in price target by Mizuho suggests a positive outlook on the stock's value, potentially leading to increased investor interest and a short-term positive impact on the stock price. However, the maintenance of a Neutral rating indicates that the analyst sees limited upside or potential challenges that could cap significant gains, balancing the overall impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100