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Stock impact report

Piper Sandler Lifts PT on Permian Resources Corporation (PR) to $27 From $24 – Here's Why [Yahoo! Finance]

Permian Resources Corporation (PR) 
Company Research Source: Yahoo! Finance
Permian Resources Corporation (NYSE: PR ) is one of the best oil stocks to buy right now . Permian Resources Corporation (NYSE:PR) received a rating update from Piper Sander on March 12, with the firm raising the price target on the stock to $27 from $24 while maintaining an Overweight rating on the shares. The firm told investors in a research note that it raised its mid-cycle crude price forecast to $75 per barrel from $70 amid the Iran war, and cited its increased price deck for the bump in the price targets for the stocks in the sector. Piper anticipates lasting supply impacts and stated that higher prices are required to incentivize investment in production. Wells Fargo Updates 2026 Assumptions for Western Midstream (WES) Previously, Piper Sandler adjusted the price target on Permian Resources Corporation (NYSE:PR) to $24 from $20 on March 5 and maintained an Overweight rating on the shares. It told investors that the rotation trade got a shot in the arm that week, with the Show less Read more
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