Truist Securities Maintains Buy on Magnolia Oil & Gas, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann maintains a Buy rating on Magnolia Oil & Gas (NYSE:MGY) but lowers the price target from $35 to $34.
July 22, 2024 | 4:08 pm
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Truist Securities analyst Neal Dingmann maintains a Buy rating on Magnolia Oil & Gas (NYSE:MGY) but lowers the price target from $35 to $34.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates a slightly less optimistic outlook. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100