Morgan Stanley Maintains Equal-Weight on EOG Resources, Lowers Price Target to $132
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Devin McDermott maintains an Equal-Weight rating on EOG Resources but lowers the price target from $134 to $132.
September 16, 2024 | 4:14 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained its Equal-Weight rating on EOG Resources but has slightly lowered the price target from $134 to $132, indicating a modestly less optimistic outlook.
The maintenance of an Equal-Weight rating suggests a neutral stance, while the slight reduction in the price target indicates a minor adjustment in expectations. This is likely to have a neutral short-term impact on EOG's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100