EOG Resources price target lowered to $140 from $171 at Raymond James

Raymond James analyst John Freeman lowered the firm’s price target on EOG Resources to $140 from $171 and keeps a Strong Buy rating on the shares. The firm cites the meaningful change in strip pricing for the price target decrease, but keeps a Strong Buy rating on the shares given EOG’s solid balance sheet, shareholder returns, deep inventory, and operational expertise, the analyst tells investors in a research note.