Texas Capital analyst Derrick Whitfield downgraded Vital Energy (VTLE) to Hold from Buy with an $18 price target down from $52, after the company entered into am agreement to be acquired by Crescent Energy (CRGY) in an all-stock transaction valued at $3.1B.
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Read More on VTLE:
- Crescent Energy price target raised to $17 from $14 at Raymond James
- Vital Energy moved to No Rating at BofA after Crescent Energy deal
- Vital Energy Announces Merger with Crescent Energy
- Crescent Energy to acquire Vital Energy in $3.1B all-stock transaction
- Crescent Energy in advanced talks to acquire Vital Energy, Reuters says