Piper Sandler downgraded Civitas Resources (CIVI) to Neutral from Overweight with a price target of $27, down from $47. The firm cites the company’s pending merger with SM Energy (SM) for the downgrade.
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Read More on CIVI:
- Civitas Resources downgraded to Neutral from Overweight at Piper Sandler
- Civitas Resources Announces Merger Details with SM Energy
- SM Energy and Civitas Resources announce additional details on merger
- Civitas Resources price target raised to $55 from $45 at Mizuho
- Civitas Resources price target lowered to $27 from $38 at UBS