BMO Capital Maintains Outperform on Matador Resources, Raises Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has maintained an Outperform rating on Matador Resources and raised its price target from $75 to $78, indicating a positive outlook for the company's stock.
October 04, 2024 | 5:42 pm
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BMO Capital has reaffirmed its Outperform rating for Matador Resources and increased the price target from $75 to $78, suggesting confidence in the company's future performance.
The increase in the price target from $75 to $78 by BMO Capital, along with the maintained Outperform rating, indicates a positive sentiment from the analyst. This is likely to boost investor confidence and could lead to a short-term increase in MTDR's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100