Evercore ISI Group Maintains In-Line on APA, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an In-Line rating on APA Corporation but lowered its price target from $39 to $33, indicating a more cautious outlook.
September 30, 2024 | 4:03 pm
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Evercore ISI Group has maintained an In-Line rating on APA Corporation but lowered its price target from $39 to $33, suggesting a more cautious outlook on the stock.
The lowering of the price target from $39 to $33 by Evercore ISI Group indicates a less optimistic view on APA's future performance, which could lead to a negative short-term impact on the stock price. The maintained In-Line rating suggests that the stock is expected to perform in line with the market, but the reduced price target reflects potential concerns or adjustments in valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100