Truist Securities Maintains Buy on Crescent Energy, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann has maintained a 'Buy' rating on Crescent Energy (NYSE:CRGY), but lowered the price target from $20 to $15.

July 24, 2023 | 12:03 pm
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Crescent Energy's price target has been lowered from $20 to $15 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100