Truist Securities Maintains Buy on Riley Exploration Permian, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Riley Exploration Permian (AMEX:REPX) but has lowered the price target from $45 to $38.
September 30, 2024 | 3:08 pm
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Truist Securities has maintained a Buy rating on Riley Exploration Permian but has lowered the price target from $45 to $38, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook on its potential upside. This could lead to neutral short-term price movement as investors digest the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100