RBC Capital Maintains Outperform on Veren, Lowers Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Michael Harvey maintains an Outperform rating on Veren (NYSE:VRN) but lowers the price target from $12 to $10.
November 01, 2024 | 4:03 pm
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RBC Capital has maintained its Outperform rating on Veren but has lowered the price target from $12 to $10, indicating a more cautious outlook.
The maintenance of an Outperform rating suggests continued confidence in Veren's performance, but the lowered price target indicates a more cautious outlook, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100