JP Morgan Maintains Neutral on Magnolia Oil & Gas, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Michael Glick maintains a Neutral rating on Magnolia Oil & Gas (NYSE:MGY) and lowers the price target from $26 to $23.
September 12, 2024 | 4:14 pm
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JP Morgan's analyst Michael Glick has maintained a Neutral rating on Magnolia Oil & Gas but has lowered the price target from $26 to $23, indicating a less optimistic outlook.
The lowering of the price target from $26 to $23 by JP Morgan suggests a less favorable view on Magnolia Oil & Gas's future performance, which could lead to a short-term negative impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100