Truist Securities Maintains Buy on Crescent Energy, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann maintains a Buy rating on Crescent Energy (CRGY) but lowers the price target from $23 to $19.

April 05, 2024 | 5:20 pm
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Truist Securities maintains a Buy rating on Crescent Energy but lowers the price target from $23 to $19.
The maintenance of a Buy rating suggests a positive outlook on Crescent Energy's fundamentals by Truist Securities. However, the reduction in the price target from $23 to $19 indicates a tempered expectation for the stock's performance in the short term. This could lead to mixed reactions in the market, with the positive rating potentially offsetting the negative impact of a lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100