Stifel Maintains Buy on California Resources, Raises Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on California Resources Corporation (CRC) and increased the price target from $67 to $68.
January 23, 2024 | 5:19 pm
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Stifel analyst Derrick Whitfield reaffirmed a Buy rating on California Resources Corporation and raised the price target to $68, indicating a positive outlook on the stock.
The increase in the price target by Stifel suggests a positive sentiment towards California Resources Corporation's future performance. This could lead to increased investor confidence and a potential short-term rise in the stock price, as market participants often react to analyst ratings and price target adjustments.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100