Pampa Energia price target lowered to $51 from $55 at Citi

Citi lowered the firm’s price target on Pampa Energia to $51 from $55 and keeps a Neutral rating on the shares. Today appears to be more challenging for Argentina oil and gas names relative to a few months ago, the analyst tells investors in a research note. The firm now sees an international scenario that may have a lower risk appetite given a more hawkish Federal Reserve than in January. It dropped Pampa’s target to reflect a more cautious view on gas.