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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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