BMO Capital downgraded Pioneer Natural (PXD) to Market Perform from Outperform with a price target of $267, up from $250, given the company’s all-stock merger with Exxon Mobil (XOM). The firm anticipates the deal to close in Q2 of 2024.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on PXD:
- Pioneer Natural call volume above normal and directionally bullish
- Pioneer Stock (NYSE:PXD): Get Exposure to Shale and an Energy Whale
- Target upgraded, Beyond Meat downgraded: Wall Street’s top analyst calls
- Exxon Mobil price target raised to $145 from $140 at Jefferies
- Truist upgrades Exxon Mobil to Buy on Pioneer deal benefits