APA shares are trading lower after Evercore ISI Group downgraded the stock from Outperform to In-Line and lowered its price target from $52 to $39.
Portfolio Pulse from Benzinga Newsdesk
APA shares are trading lower after Evercore ISI Group downgraded the stock from Outperform to In-Line and lowered its price target from $52 to $39.
June 14, 2024 | 2:49 pm
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NEGATIVE IMPACT
Evercore ISI Group downgraded APA from Outperform to In-Line and reduced its price target from $52 to $39, causing the stock to trade lower.
The downgrade from a reputable analyst group and a significant reduction in the price target are likely to negatively impact investor sentiment and lead to a short-term decline in APA's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100