Benchmark Maintains Buy on Permian Resources, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Benchmark analyst Subash Chandra maintains a Buy rating on Permian Resources (NYSE:PR) but lowers the price target from $17 to $14.
October 16, 2024 | 2:14 pm
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Benchmark analyst Subash Chandra maintains a Buy rating on Permian Resources but lowers the price target from $17 to $14, indicating a more cautious outlook.
The Buy rating suggests continued confidence in Permian Resources, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company performance. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100