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Wall Street Analysts Are Bearish on Top Utilities Picks

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Analysts are pulling back from the Utilities sector as 1 experts expressed today bearish sentiments on and Continental Resources (CLRResearch Report).

Continental Resources (CLR)

Morgan Stanley analyst Devin McDermott maintained a Sell rating on Continental Resources on December 13 and set a price target of $57.00. The company’s shares closed last Monday at $46.20.

According to TipRanks.com, McDermott is a 3-star analyst with an average return of 2.5% and a 53.4% success rate. McDermott covers the Utilities sector, focusing on stocks such as Occidental Petroleum, Southwestern Energy, and Antero Resources.

The word on The Street in general, suggests a Hold analyst consensus rating for Continental Resources with a $55.00 average price target, implying a 23.4% upside from current levels. In a report issued on December 14, Wolfe Research also maintained a Sell rating on the stock with a $48.00 price target.

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