JP Morgan Maintains Underweight on Vital Energy, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Zach Parham maintains an Underweight rating on Vital Energy (NYSE:VTLE) and lowers the price target from $45 to $31.
September 12, 2024 | 4:44 pm
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JP Morgan has maintained an Underweight rating on Vital Energy and reduced the price target from $45 to $31, indicating a bearish outlook.
The reduction in price target from $45 to $31 by JP Morgan suggests a negative outlook on Vital Energy's stock performance. The Underweight rating further indicates that the stock is expected to underperform relative to the market. This is likely to lead to a short-term decrease in the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100