Truist Securities Maintains Buy on Permian Resources, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Truist Securities maintains a Buy rating on Permian Resources (NYSE:PR) but lowers the price target from $24 to $21.
July 22, 2024 | 4:13 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Permian Resources but lowers the price target from $24 to $21.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook on its near-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100