Piper Sandler analyst Mark Lear lowered the firm’s price target on EOG Resources to $171 from $174 and keeps an Overweight rating on the shares after updating the firm’s E&P estimates post-Q4 results and FY23 outlooks as well as revisiting the firm’s commodity price forecasts. Generally, sentiment for the group has "taken a turn for the better," with broadly less capital efficient guidance out of the way, the analyst tells investors.
Published first on TheFly
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