Mizuho Reiterates Neutral on Crescent Energy, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst William Janela has reiterated a Neutral rating on Crescent Energy (CRGY) and lowered the price target from $14 to $13.

March 22, 2024 | 2:26 pm
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NEGATIVE IMPACT
Mizuho analyst William Janela reiterated a Neutral rating on Crescent Energy and lowered the price target from $14 to $13.
The reduction in price target by Mizuho, a significant financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Crescent Energy's stock price. The reiteration of a Neutral rating suggests that the analyst sees limited upside or downside potential in the near term, but the lowering of the price target is a direct indicator of reduced valuation expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100