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Civitas Resources price target lowered to $52 from $54 at Piper Sandler

Piper Sandler lowered the firm’s price target on Civitas Resources (CIVI) to $52 from $54 and keeps an Overweight rating on the shares. The firm adjusted its model after following up with Civitas, with expectations for oil volumes at the midpoint of FY25 guidance and total volumes toward the low end, the analyst tells investors in a research note.

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