B of A Securities Reinstates Underperform on Kimbell Royalty Partners, Announces $16 Price Target
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has reinstated an Underperform rating on Kimbell Royalty Partners (NYSE:KRP) with a price target of $16.
June 14, 2024 | 3:59 pm
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NEGATIVE IMPACT
B of A Securities has reinstated an Underperform rating on Kimbell Royalty Partners (NYSE:KRP) with a price target of $16. This suggests a bearish outlook from the analyst.
The Underperform rating and the $16 price target indicate that B of A Securities expects Kimbell Royalty Partners to underperform relative to the market. This is likely to put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100