Wells Fargo Maintains Equal-Weight on Vital Energy, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Hanwen Chang has maintained an Equal-Weight rating on Vital Energy (VTLE) and reduced the price target from $57 to $54.
May 14, 2024 | 1:28 pm
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Wells Fargo analyst Hanwen Chang has maintained an Equal-Weight rating on Vital Energy but lowered the price target from $57 to $54, indicating a cautious but not pessimistic outlook.
The adjustment in price target by a major analyst like Hanwen Chang from Wells Fargo, while maintaining the same stock rating, suggests a recalibration of expected performance without a fundamental change in the company's outlook. This could lead to short-term price adjustments as the market aligns with the new target, but the neutral rating suggests no significant momentum in either direction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100