Jefferies analyst Emma Schwartz raised the firm’s price target on California Resources (CRC) to $84 from $62 and keeps a Buy rating on the shares after hosting meetings with management. The analyst left “incrementally more positive” on the shares. The firm multiple catalysts to unlock value in 2026 across the business. As California’s largest oil and gas producer, California Resources is well positioned to capitalize on improved permitting post SB-237, the analyst tells investors in a research note.
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