Stifel Maintains Buy on California Resources, Lowers Price Target to $68
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield maintains a Buy rating on California Resources (NYSE:CRC) but lowers the price target from $72 to $68.

March 22, 2024 | 1:26 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on California Resources but lowers the price target from $72 to $68.
While the reduction in price target from $72 to $68 by Stifel could suggest a slightly less optimistic outlook on California Resources' stock value, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100