Piper Sandler Maintains Overweight on Sitio Royalties, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Mark Lear maintains an Overweight rating on Sitio Royalties (NYSE:STR) but lowers the price target from $29 to $27.
October 15, 2024 | 12:47 pm
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NEUTRAL IMPACT
Piper Sandler maintains an Overweight rating on Sitio Royalties but lowers the price target from $29 to $27, indicating a slightly less optimistic outlook.
The Overweight rating suggests continued confidence in Sitio Royalties, but the lowered price target indicates a slightly less optimistic view on its short-term performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100