Wolfe Research analyst John Abbott reinstated coverage of Crescent Energy with an Outperform rating and $16 price target. The firm reinstated coverage of energy above with a long overdue global perspective. With oil rangebound around $85, the firm leans defensive out of the gate. Sector exposure is targeted oil, leaning in on gas and agnostic refiners, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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 CRGY:
- Crescent & SilverBow announce expiration of Hart-Scott-Rodino Act waiting period
- Crescent initiated with Overweight on ‘clean’ structure at KeyBanc
- Crescent Energy initiated with an Overweight at KeyBanc
- Crescent Energy initiated with an Outperform at Keefe Bruyette
- Crescent Energy’s Strategic Finance and Hedging Moves