Civitas Resources price target raised to $96 from $84 at KeyBanc

KeyBanc analyst Tim Rezvan raised the firm’s price target on Civitas Resources to $96 from $84 and keeps an Overweight rating on the shares. The recent drop in the natural gas rig count and the ongoing demand-driven recalibration of inventories create a more attractive supply/demand setup into winter, the analyst tells investors in a research note.