Mizuho Maintains Outperform on Matador Resources, Lowers Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst William Janela maintains an Outperform rating on Matador Resources but lowers the price target from $85 to $74.
September 16, 2024 | 1:52 pm
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NEUTRAL IMPACT
Mizuho has maintained an Outperform rating for Matador Resources but has reduced the price target from $85 to $74, indicating a more conservative outlook.
The maintenance of an Outperform rating suggests continued confidence in Matador Resources' performance, but the lowered price target reflects a more cautious stance on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100