Mizuho Maintains Buy on SM Energy, Raises Price Target to $62
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst William Janela has maintained a Buy rating on SM Energy (NYSE:SM) and increased the price target from $57 to $62.
May 13, 2024 | 3:32 pm
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Mizuho analyst William Janela reaffirmed a Buy rating on SM Energy and raised the price target from $57 to $62, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a strong confidence in SM Energy's future performance. Such endorsements typically lead to positive short-term price movements as they reflect expectations of improved financial health or growth prospects.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100