Scotiabank Maintains Sector Perform on APA, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has maintained a Sector Perform rating on APA Corporation (NASDAQ:APA) but has lowered the price target from $30 to $27.
October 10, 2024 | 5:06 pm
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Scotiabank has maintained a Sector Perform rating on APA Corporation but reduced the price target from $30 to $27, indicating a less optimistic outlook.
The lowering of the price target suggests a less optimistic view on APA's future performance, which could lead to a negative short-term impact on the stock price. Maintaining the Sector Perform rating indicates that the stock is expected to perform in line with the sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100