Truist Securities Maintains Buy on Matador Resources, Lowers Price Target to $86
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained its Buy rating on Matador Resources (NYSE:MTDR) but lowered the price target from $91 to $86.

July 22, 2024 | 4:09 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on Matador Resources but lowered the price target from $91 to $86.
The maintained Buy rating suggests continued confidence in Matador Resources' performance, 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