TD Cowen Upgrades SM Energy to Buy, Lowers Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Gabe Daoud has upgraded SM Energy from Hold to Buy, while lowering the price target from $64 to $60.
October 15, 2024 | 10:06 am
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TD Cowen has upgraded SM Energy from Hold to Buy, indicating a positive outlook on the stock. However, the price target has been lowered from $64 to $60, suggesting a more conservative valuation.
The upgrade from Hold to Buy suggests a positive sentiment towards SM Energy, likely leading to a short-term price increase. However, the lowered price target indicates a more cautious long-term valuation, which may temper the stock's upward momentum.
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IMPORTANCE 80
RELEVANCE 100