UBS analyst Josh Silverstein initiated coverage of Permian Resources with a Neutral rating and $13 price target. While Permian Resources stands out positively vs. peers due to its 10% 2023 year over year oil growth, this outlook is already baked into Street estimates, and with 20% year to date outperformance vs. oil peers, the firm sees limited upside, the analyst tells investors in a research note.
Published first on TheFly
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