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Jefferies Cuts Civitas Resources Price Target to $48, Maintains Buy Rating.
ByAinvest
Monday, Mar 17, 2025 11:25 am ET1min read
Jefferies analyst Lloyd Byrne has lowered the price target for Civitas Resources (CIVI) to $48 from $73 and maintains a Buy rating. Byrne believes Civitas' transformation needs to be accelerated and supports divesting the Denver-Julesburg Basin asset and retiring debt. The analyst thinks sentiment on the shares is "extreme."
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