Citigroup Upgrades Callon Petroleum to Buy, Raises Price Target to $45
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Paul Diamond has upgraded Callon Petroleum (NYSE:CPE) from Neutral to Buy and raised the price target from $40 to $45.
August 16, 2023 | 9:41 am
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Callon Petroleum's stock has been upgraded to Buy by Citigroup with a raised price target of $45.
The upgrade from Neutral to Buy by Citigroup indicates a positive outlook for Callon Petroleum. The raised price target from $40 to $45 suggests that the analyst believes the stock has potential for further growth. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
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