Truist Securities Maintains Buy on Magnolia Oil & Gas, Lowers Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Magnolia Oil & Gas but lowered the price target from $35 to $31.
September 30, 2024 | 2:37 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on Magnolia Oil & Gas but lowered the price target from $35 to $31.
The maintenance of a Buy rating suggests continued confidence in the stock's potential, but the lowered price target indicates a more conservative outlook on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100