BofA lowered the firm’s price target on Permian Resources (PR) to $17 from $19 and keeps a Buy rating on the shares. The firm updated targets and EPS estimates across its oil and gas coverage for Q4 results and mark-to-market for Q1 results, telling investors that it believes strong gas realizations will be a theme for all names in the upcoming quarter.
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- Permian Resources price target lowered to $19 from $21 at Morgan Stanley
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