BMO Capital analyst Phillip Jungwirth initiated coverage of Crescent Energy (CRGY) with a Market Perform rating and $10 price target The firm says the company’s streamlining of its asset base has increased margins and improved its cost structure. However, BMO views 2026 as a transition year for Crescent, with legacy Vital production declining to a sustainable baseline, while its de-leveraging pace is slowed by lower oil prices.
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