Permian Resources price target lowered to $18 from $20 at Stifel
The Fly

Permian Resources price target lowered to $18 from $20 at Stifel

Stifel analyst Derrick Whitfield lowered the firm’s price target on Permian Resources to $18 from $20 and keeps a Buy rating on the shares following quarterly results and updated guidance. The firm believes the company is a differentiated mid-cap Delaware Basin pure-play, providing scale both in its asset base and investor relevance, the analyst tells investors. Stifel estimates the company can return 100% of its enterprise value by 2033.

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