Truist Securities Maintains Buy on Civitas Resources, Lowers Price Target to $103
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Neal Dingmann maintains a Buy rating on Civitas Resources (NYSE:CIVI) but lowers the price target from $110 to $103.

April 05, 2024 | 5:25 pm
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Truist Securities maintains a Buy rating on Civitas Resources but lowers the price target from $110 to $103.
The adjustment in price target by Truist Securities reflects a recalibration of expectations for Civitas Resources, likely due to updated analysis or market conditions. While the reduction in price target could suggest a tempered outlook, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100