Truist Securities Maintains Buy on Civitas Resources, Lowers Price Target to $81
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Civitas Resources but lowered the price target from $101 to $81.
September 30, 2024 | 1:59 pm
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NEGATIVE IMPACT
Truist Securities has maintained a Buy rating on Civitas Resources but lowered the price target from $101 to $81.
The maintenance of a Buy rating suggests continued confidence in Civitas Resources, but the lowered price target indicates a more cautious outlook on its future performance. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100