Piper Sandler Maintains Overweight on Permian Resources, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear maintains an Overweight rating on Permian Resources (NYSE:PR) but lowers the price target from $21 to $20.
October 15, 2024 | 12:45 pm
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NEUTRAL IMPACT
Piper Sandler has maintained an Overweight rating on Permian Resources but has lowered the price target from $21 to $20, indicating a slight decrease in expected stock performance.
The Overweight rating suggests continued confidence in Permian Resources, but the lowered price target indicates a slight reduction in expected performance. This mixed signal may result in neutral short-term stock movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100