UBS Initiates Coverage On California Resources with Buy Rating, Announces Price Target of $68
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Josh Silverstein has initiated coverage on California Resources (NYSE:CRC) with a Buy rating and set a price target of $68.
October 16, 2024 | 1:43 pm
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POSITIVE IMPACT
UBS has initiated coverage on California Resources with a Buy rating and a price target of $68, indicating a positive outlook for the stock.
The initiation of coverage with a Buy rating and a specific price target by a major financial institution like UBS is likely to positively influence investor sentiment and could lead to an increase in CRC's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100