Piper Sandler downgraded Berry Corporation to Neutral from Overweight with an unchanged price target of $9. The company’s acquisition strategy paired with the new permit moratorium results in “opaque visibility” for the business, the analyst tells investors in a research note. The firm moves to the sidelines on the name and awaits a better entry.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on BRY:
- Berry Corporation downgraded to Neutral from Overweight at Piper Sandler
- Berry Corporation sees 2023 results in line with previous guidance
- Berry Corporation reports Q2 adjusted EPS 15c, consensus (2c)
- Berry Corporation Reports Second Quarter 2023 Results
- BRY Upcoming Earnings Report: What to Expect?
