UBS analyst Josh Silverstein lowered the firm’s price target on EOG Resources (EOG) to $141 from $153 and keeps a Buy rating on the shares. The firm sees Energy viewed as a recession downside play, the analyst tells investors in a research note. UBS lowered its price target reflecting increased uncertainty around economic activity and commodity prices.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOG:
- Iron Mountain, EOG, Oklo, NuScale, Opko: Insider Moves Unveiled
- EOG Resources COO Leitzell sells $516,000 of shares
- COP, CVX, or EOG: Which Oil Stock Could Deliver the Highest Returns?
- Tetra Technologies announces pilot project with EOG Resources
- EOG Resources price target lowered to $136 from $142 at Morgan Stanley
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue