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Civitas Resources price target lowered to $72 from $78 at Mizuho

Civitas Resources price target lowered to $72 from $78 at Mizuho

Mizuho lowered the firm’s price target on Civitas Resources (CIVI) to $72 from $78 and keeps an Outperform rating on the shares post the Q4 report. The company is scaling back activity while the 2025 guidance implies capex efficiencies, the analyst tells investors in a research note. The firm says the company is prioritizing debt reduction in 2025.

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