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 (NYSE:CRGY) but lowers the price target from $20 to $19.

July 22, 2024 | 3:28 pm
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NEUTRAL IMPACT
Truist Securities has maintained its Buy rating on Crescent Energy but has lowered the price target from $20 to $19. This suggests continued confidence in the stock's potential, albeit with slightly tempered expectations.
The maintained Buy rating indicates continued positive sentiment from Truist Securities, which is a good sign for investors. However, the lowered price target suggests some caution, likely due to market conditions or company-specific factors. The overall impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100