RBC Capital Reiterates Outperform on California Resources, Maintains $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Scott Hanold has reiterated an Outperform rating on California Resources (NYSE:CRC) and maintained a $60 price target on the stock.
December 19, 2023 | 3:47 pm
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RBC Capital analyst Scott Hanold reaffirmed an Outperform rating on California Resources, with a steady price target of $60, indicating a positive outlook on the stock.
The reiteration of an Outperform rating by a prominent analyst like Scott Hanold suggests a positive sentiment towards California Resources. Maintaining a $60 price target indicates that the analyst believes the stock has the potential to reach or exceed this value in the short term, which could positively influence investor perception and the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100