Hess Reports Estimated Results for the Third Quarter of 2024

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Hess Corp. (HES) PT Lowered to $145 at CFRA

October 31, 2024 10:29 AM EDT

CFRA analyst Stewart Glickman lowered the price target on Hess Corp. (NYSE: HES) to $145.00 (from $150.00) while maintaining a Hold rating.

The analyst comments "Our 12-month target price of $145, cut $5, reflects a 7.1x multiple of enterprise value to projected '25 EBITDA, below HES's... More