Truist Securities Maintains Buy on Permian Resources, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Permian Resources but lowered its price target from $22 to $18.
September 30, 2024 | 3:05 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on Permian Resources but lowered its price target from $22 to $18, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Permian Resources, but the lowered price target reflects a more cautious 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