UBS Maintains Buy on Permian Resources, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein maintains a Buy rating on Permian Resources (NYSE:PR) but lowers the price target from $19 to $18.
September 18, 2024 | 2:49 pm
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UBS analyst Josh Silverstein continues to recommend buying Permian Resources, though the price target is slightly reduced from $19 to $18, indicating a positive outlook with some caution.
The maintained Buy rating suggests confidence in Permian Resources' potential, but the lowered price target indicates some caution, possibly due to market conditions or company-specific factors. This mixed signal may lead to a slight positive impact on the stock price as the Buy rating is still in place.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100