Mizuho Maintains Neutral on Magnolia Oil & Gas, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst William Janela maintains a Neutral rating on Magnolia Oil & Gas (NYSE:MGY) and lowers the price target from $28 to $27.
September 16, 2024 | 1:50 pm
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NEGATIVE IMPACT
Mizuho analyst William Janela maintains a Neutral rating on Magnolia Oil & Gas and lowers the price target from $28 to $27, indicating a slight decrease in expected valuation.
The lowering of the price target from $28 to $27 by Mizuho suggests a slightly less optimistic view on Magnolia Oil & Gas's future performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100