Wolfe Research analyst John Abbott raised the firm’s price target on Crescent Energy (CRGY) to $17 from $16 and keeps an Outperform rating on the shares as part of a 2025 outlook for the exploration and production refiners. The recent underperformance of the oils goes some way to “discounting” known commodity risk, the analyst tells investors in a research note. Wolfe’s bias continues to favor U.S. gas, but the firm is “incrementally positive” on oil exploration and production names.
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Read More on CRGY:
- Crescent Energy price target raised to $16 from $14 at Mizuho
- Crescent Energy price target raised to $18 from $17 at Evercore ISI
- Crescent Energy’s Strategic Upsized Public Offering
- Crescent Energy price target raised to $18 from $16 at Truist
- Crescent Energy price target raised to $16 from $14 at JPMorgan
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
