Truist Securities Maintains Hold on SM Energy, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on SM Energy while lowering the price target from $46 to $38.
September 30, 2024 | 3:10 pm
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Truist Securities has maintained a Hold rating on SM Energy and reduced the price target from $46 to $38, indicating a more cautious outlook.
The reduction in price target from $46 to $38 by Truist Securities suggests a less optimistic view on SM Energy's future performance, which could lead to a negative short-term impact on the stock price. The Hold rating indicates that the stock is expected to perform in line with the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100