Truist lowered the firm’s price target on California Resources (CRC) to $60 from $75 and keeps a Buy rating on the shares. The firm is adjusting its model to reflect its revised commodity price outlook, though its production estimates for Q1 and 2025 remain largely unchanged, the analyst tells investors in a research note.
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Read More on CRC:
- California Resources Corp: Strong Financial Performance and Strategic Growth Justify Buy Rating
- California Resources Corp Elects Directors and Ratifies Auditor
- California Resources reports Q1 adjusted EPS $1.07, consensus 77c
- California Resources sees Q2 net produciton 133-137 MBoe/d
- California Resources sees FY25 net production 132-138 MBoe/d