JP Morgan Maintains Overweight on SM Energy, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Zach Parham maintains an Overweight rating on SM Energy but lowers the price target from $55 to $50.
September 12, 2024 | 4:34 pm
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NEUTRAL IMPACT
JP Morgan's analyst Zach Parham has maintained an Overweight rating on SM Energy, indicating a positive outlook, but has lowered the price target from $55 to $50, suggesting a more cautious approach.
The Overweight rating suggests that JP Morgan still sees potential in SM Energy, but the lowered price target indicates a tempered expectation of growth. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100