Mizuho Maintains Outperform on Permian Resources, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar maintains an Outperform rating on Permian Resources (NYSE:PR) but lowers the price target from $22 to $19.
September 16, 2024 | 1:53 pm
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NEUTRAL IMPACT
Mizuho analyst Nitin Kumar continues to rate Permian Resources as Outperform, indicating confidence in the company's performance. However, the price target is reduced from $22 to $19, suggesting a more conservative outlook on its valuation.
The Outperform rating suggests continued positive sentiment towards Permian Resources, but the lowered price target indicates a tempered expectation of its stock price growth. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100