B of A Securities Reinstates Buy on Permian Resources, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has reinstated a Buy rating on Permian Resources (NYSE:PR) with a $20 price target, as announced by analyst Noah Hungness.
June 14, 2024 | 12:07 pm
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POSITIVE IMPACT
B of A Securities has reinstated a Buy rating on Permian Resources with a $20 price target, indicating a positive outlook for the stock.
The reinstatement of a Buy rating and a $20 price target by a major financial institution like B of A Securities is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100