Wells Fargo Maintains Overweight on Matador Resources, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Hanwen Chang maintains an Overweight rating on Matador Resources but lowers the price target from $89 to $87.
October 01, 2024 | 6:50 pm
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Wells Fargo has maintained its Overweight rating on Matador Resources but has slightly reduced the price target from $89 to $87.
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 on the stock price as the overall sentiment remains positive.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100