BUZZ-BofA Global Research raises price target on California Resources

Reuters

Sep 03

** BofA Global Research raises price target on oil and gas company California Resources Corp CRC.N to $60 from $53, maintains "buy" rating

** The new PT represents a ~20% upside to the stock's last close

** Brokerage believes California Energy Commission's vote on Friday to defer new profits cap on refineries by five years is evidence that pro-oil and gas policies are receiving serious consideration by state lawmakers

** "While oil production is declining due to constraints in obtaining new oil and gas permits, the rate of decline is better than original expectations"- BofA

** 12 of 13 brokerages rate the stock "buy" or higher and 1 rates "hold"; their median PT is $60.50

** As of last close, stock down ~4% YTD

(Reporting by Dharna Bafna in Bengaluru)

((Dharna.bafna@thomsonreuters.com))

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their median PT is $60.50</p><p>** As of last close, stock down ~4% YTD</p><p>(Reporting by Dharna Bafna in Bengaluru)</p><p>((Dharna.bafna@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRC","symbol_name":"加州资源","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250903:nL4N3UQ0OX:1","article_id":"2564393837","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2564393837","pubTimestamp":1756901150,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-BofA Global Research raises price target on California Resources** BofA Global Research raises price target on oil and gas company California Resources Corp CRC.N to $60 from $53, maintains \"buy\" rating** The new PT represents a ~20% upside to the stock's last close** Brokerage believes California Energy Commission's vote on Friday to defer new profits cap on refineries by five years is evidence that pro-oil and gas policies are receiving serious consideration by state lawmakers** \"While oil production is declining due to constraints in obtaining new oil and gas permits, the rate of decline is better than original expectations\"- BofA** 12 of 13 brokerages rate the stock \"buy\" or higher and 1 rates \"hold\"; 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