Mizuho Maintains Buy on Permian Resources, Raises Price Target to $22
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 $21 to $22.
May 13, 2024 | 3:30 pm
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Mizuho analyst Nitin Kumar reaffirmed a Buy rating on Permian Resources and raised the price target to $22, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Nitin Kumar from Mizuho suggests a strong confidence in Permian Resources' future performance. Such endorsements often lead to positive investor sentiment and can drive the stock price up in the short term.
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IMPORTANCE 85
RELEVANCE 100