Roth Capital analyst Leo Mariani lowered the firm’s price target on California Resources (CRC) to $57 from $59 and keeps a Buy rating on the shares after the company reported Q3 results and offered oil production and capex guidance. Following the report, the firm is cutting 2025 and 2026 cash flow per share estimates 3% and 5%, respectively, and cutting its price target due to the lower cash flow.
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