Mizuho analyst Nitin Kumar raised the firm’s price target on Civitas Resources to $96 from $94 and keeps a Neutral rating on the shares. The analyst sees the company’s acquisition in the Midland Basin from Vencer as modestly accretive to net asset value.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CIVI:
- 3 Best Stocks to Buy Now, 10/6/2023, According to Top Analysts
- Civitas in pact with Vencer to acquire accretive Permian Basin assets for $2.1B
- Civitas Resources to replace Syneos Health in S&P 400 at open on 9/29
- Hayward to replace Civitas Resources in S&P 600 at open on 9/29
- Civitas Resources price target raised to $94 from $90 at Mizuho