Wells Fargo Maintains Overweight on Crescent Energy, Raises Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Hanwen Chang has maintained an Overweight rating on Crescent Energy (NYSE:CRGY) and raised the price target from $20 to $21.
September 05, 2024 | 3:26 pm
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Wells Fargo has reaffirmed its positive outlook on Crescent Energy by maintaining an Overweight rating and increasing the price target to $21, indicating confidence in the company's future performance.
The increase in price target from $20 to $21 by a major financial institution like Wells Fargo suggests a positive outlook on Crescent Energy's future performance. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100