Morgan Stanley Maintains Equal-Weight on Northern Oil & Gas, Lowers Price Target to $39
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on Northern Oil & Gas (NYSE:NOG) but has lowered its price target from $42 to $39.
September 16, 2024 | 4:06 pm
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Morgan Stanley has maintained an Equal-Weight rating on Northern Oil & Gas but reduced the price target from $42 to $39, indicating a slightly less optimistic outlook.
The reduction in the price target from $42 to $39 by Morgan Stanley suggests a slightly less optimistic view on Northern Oil & Gas's future performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
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