Scotiabank Maintains Sector Outperform on Coterra Energy, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Coterra Energy but lowers the price target from $35 to $32.
October 10, 2024 | 5:11 pm
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Scotiabank has maintained its Sector Outperform rating for Coterra Energy but has reduced the price target from $35 to $32, indicating a slightly less optimistic outlook.
The maintenance of a Sector Outperform rating suggests continued confidence in Coterra Energy's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100