JP Morgan Maintains Overweight on Matador Resources, Lowers Price Target to $71
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Zach Parham maintains an Overweight rating on Matador Resources (NYSE:MTDR) but lowers the price target from $77 to $71.
October 30, 2024 | 4:53 pm
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JP Morgan has maintained its Overweight rating on Matador Resources but has lowered the price target from $77 to $71, indicating a slightly less optimistic outlook.
The maintenance of an Overweight rating suggests continued confidence in Matador Resources, but the lowered price target indicates a tempered outlook, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100