Truist Keeps Buy Ratings on Seven Companies, Changes Targets

what happened

Truist Securities maintained its Buy rating on Entergy, CenterPoint Energy, Sylvamo, Packaging Corp of America, Sonoco Products, Permian Resources and Ovintiv. The ratings actions were reported by Benzinga.

The price target for Entergy was cut from $122.00 to $119.00 per share, while CenterPoint Energy’s target fell from $46.00 to $44.00. Packaging Corp of America’s target was raised from $270.00 to $280.00, and Sonoco Products’ target was reduced from $68.00 to $62.00.

For Permian Resources, Truist lifted the target from $24.00 to $28.00 per share. Ovintiv’s target increased from $73.00 to $77.00. No target-price change for Sylvamo was specified in the report.

why it matters

The actions leave the Buy view unchanged across all seven companies, while the target revisions point in different directions. Investors may assess the changes separately across the energy, utilities and packaging stocks involved.

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