Truist analyst Neal Dingmann lowered the firm’s price target on Pioneer Natural (PXD) to $238 from $255 and keeps a Hold rating on the shares. The firm is updating its price target based on the contemplated exchange ratio for the company’s all-stock acquisition by Exxon Mobile (XOM), the analyst tells investors in a research note.
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 downgraded to Neutral from Buy at Mizuho
- Soros Fund buys Splunk, exits Rivian in Q3
- ExxonMobil (NYSE:XOM): A Dividend Aristocrat Stock with Plenty of Upside Potential
- Pioneer Natural downgraded to Neutral from Positive at Susquehanna
- Pioneer Natural reports Q3 adjusted EPS $5.83, consensus $5.51