Truist Securities Maintains Buy on Sitio Royalties, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Sitio Royalties but lowered the price target from $31 to $29.
September 30, 2024 | 3:12 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Sitio Royalties but lowers the price target from $31 to $29, indicating a slightly less optimistic outlook.
The maintained Buy rating suggests continued confidence in Sitio Royalties' performance, but the lowered price target indicates a slightly reduced expectation for future gains. This could lead to a neutral short-term impact on the stock price as the positive Buy rating balances the negative of a lower price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100