Wells Fargo analyst Hanwen Chang lowered the firm’s price target on Crescent Energy (CRGY) to $20 from $21 and keeps an Overweight rating on the shares. The firm says the company’s Q4 results and fiscal 2025 guidance do not change its long-term story. The stock weakness post the results is a buying opportunity, given Crescent’s “strong acquisition-driven growth and attractive valuation,” the analyst tells investors in a research note.
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Read More on CRGY:
- Crescent Energy price target lowered to $12 from $18 at JPMorgan
- Crescent Energy price target lowered to $16 from $21 at Siebert Williams
- Crescent Energy’s Strong 2024 Performance and Growth Outlook
- Crescent Energy’s Earnings Call Highlights Growth and Optimism
- Crescent Energy’s Strong Financial Performance and Promising Outlook Justify Buy Rating
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