Wells Fargo raised the firm’s price target on Crescent Energy (CRGY) to $14 from $13 and keeps an Overweight rating on the shares. With the post-Vital Energy framework established, the investment focus shifts toward execution, production trajectory, and capital efficiency, the firm argues. Crescent Royalties introduces a differentiated, capital-light source of potential value uplift, Wells adds.
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- Crescent Energy price target raised to $14 from $13 at Piper Sandler