Wells Fargo Maintains Overweight on Permian Resources, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Hanwen Chang maintains an Overweight rating on Permian Resources (NYSE:PR) but lowers the price target from $22 to $21.
October 01, 2024 | 6:47 pm
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Wells Fargo's analyst Hanwen Chang continues to rate Permian Resources as Overweight, indicating a positive outlook, but has slightly reduced the price target from $22 to $21.
The Overweight rating suggests a positive outlook, but the slight reduction in the price target indicates a minor adjustment in expectations. This could lead to a neutral short-term impact as the overall sentiment remains positive.
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