Scotiabank Maintains Sector Perform on EOG Resources, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has maintained a Sector Perform rating on EOG Resources but has lowered the price target from $150 to $140.
October 10, 2024 | 5:13 pm
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Scotiabank has maintained its Sector Perform rating on EOG Resources but reduced the price target from $150 to $140, indicating a slightly less optimistic outlook.
The lowering of the price target by Scotiabank suggests a less optimistic view on EOG Resources' future performance, which could lead to a short-term negative impact on the stock price. The maintenance of the Sector Perform rating indicates that the stock is expected to perform in line with the sector, but the reduced price target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100