Truist Securities Maintains Buy on Matador Resources, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Matador Resources but lowered the price target from $86 to $75.
September 30, 2024 | 2:54 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on Matador Resources, indicating continued confidence in the company's prospects. However, the price target has been lowered from $86 to $75, suggesting a more conservative outlook on the stock's potential upside.
The maintenance of a Buy rating suggests that the analyst still sees value in Matador Resources, but the lowered price target indicates a tempered expectation for future gains. This mixed signal could lead to a neutral short-term impact on the stock price as investors digest the revised outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100