KeyBanc analyst Tim Rezvan lowered the firm’s price target on EOG Resources to $150 from $157 and keeps an Overweight rating on the shares. The firm sees mixed signs with oil markets, given a healthy global economy, the Chinese government’s economic stimulus, and fluctuating geopolitical tensions. With that said, KeyBanc does not foresee a sustained move higher in crude prices.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EOG:
- EOG Resources price target raised to $157 from $150 at Siebert Williams
- EOG Resources price target lowered to $140 from $150 at Scotiabank
- EOG Resources Capitalizes on Derivative Strategies in Q3
- EOG Resources price target lowered to $137 from $144 at Barclays
- EOG Resources price target lowered to $135 from $140 at Wells Fargo
Questions or Comments about the article? Write to editor@tipranks.com