Stifel Maintains Buy on California Resources, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a 'Buy' rating on California Resources (NYSE:CRC) and raised the price target from $55 to $60.
August 11, 2023 | 3:10 pm
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Stifel analyst Derrick Whitfield has maintained a 'Buy' rating on California Resources and raised the price target from $55 to $60. This could potentially lead to an increase in the stock's price.
Analyst ratings and price targets can significantly influence the market's perception of a stock. In this case, the 'Buy' rating maintained by Stifel and the raised price target for California Resources could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100