Evercore ISI Group Downgrades APA to In-Line, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has downgraded APA Corporation (NASDAQ:APA) from Outperform to In-Line and lowered its price target from $52 to $39.
June 14, 2024 | 12:17 pm
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NEGATIVE IMPACT
Evercore ISI Group has downgraded APA Corporation from Outperform to In-Line and reduced the price target from $52 to $39.
The downgrade from Outperform to In-Line and the significant reduction in the price target from $52 to $39 by Evercore ISI Group is likely to negatively impact APA's stock price in the short term as it reflects a less optimistic outlook on the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100