Pioneer Natural price target lowered to $322 from $340 at Piper Sandler

Piper Sandler analyst Mark Lear lowered the firm’s price target on Pioneer Natural to $322 from $340 and keeps an Overweight rating on the shares after updating the firm’s E&P estimates post-Q4 results and FY23 outlooks as well as revisiting the firm’s commodity price forecasts. Generally, sentiment for the group has "taken a turn for the better," with broadly less capital efficient guidance out of the way, the analyst tells investors.