Permian Resources price target raised to $19 from $18 at Truist

Truist raised the firm’s price target on Permian Resources to $19 from $18 and keeps a Buy rating on the shares after meeting with its management team.. The company’s strong operational expertise and customer relationships were evident in the discussions, the analyst tells investors in a research note, adding that the firm was impressed with Permian’s unique relationships with landowners and oilfield services that only add to its confidence in its upcoming results.