Wells Fargo Maintains Overweight on Crescent Energy, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Roger Read maintains an Overweight rating on Crescent Energy (NYSE:CRGY) but lowers the price target from $20 to $19.
October 21, 2024 | 3:01 pm
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Wells Fargo's analyst Roger Read continues to rate Crescent Energy as Overweight, indicating a positive outlook, but has slightly reduced the price target from $20 to $19, suggesting a minor adjustment in expected valuation.
The Overweight rating suggests a positive outlook, but the slight reduction in the price target indicates a minor adjustment in expected valuation. This could lead to a neutral short-term impact as the overall sentiment remains positive.
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