JP Morgan Maintains Overweight on Matador Resources, Lowers Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Zach Parham maintains an Overweight rating on Matador Resources but lowers the price target from $83 to $76.
September 12, 2024 | 4:22 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
JP Morgan has maintained its Overweight rating on Matador Resources but has lowered the price target from $83 to $76, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Matador Resources, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company performance. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100