Mizuho Maintains Buy on California Resources, Raises Price Target to $64
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained a Buy rating on California Resources (NYSE:CRC) and increased the price target from $63 to $64.
May 13, 2024 | 3:27 pm
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Mizuho analyst Nitin Kumar reaffirmed a Buy rating on California Resources and raised the price target to $64, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a strong belief in the company's future performance. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100