Barclays Maintains Equal-Weight on EOG Resources, Lowers Price Target to $137
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Betty Jiang has maintained an Equal-Weight rating on EOG Resources but has lowered the price target from $144 to $137.
October 03, 2024 | 3:34 pm
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Barclays has maintained its Equal-Weight rating on EOG Resources but reduced the price target from $144 to $137, indicating a more cautious outlook.
The reduction in the price target by Barclays suggests a less optimistic view on EOG Resources' future performance, which could lead to a short-term negative impact on the stock price. The Equal-Weight rating indicates a neutral stance, but the lowered target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100