BUZZ-RBC Capital raises California Resources PT on two new legislative bills
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RBC Capital Markets has raised the price target for California Resourcesfrom $60 to $66, indicating a 24.5% upside from the stock's last close. This adjustment follows the passage of two significant legislative bills in California, AB881 and SB237, which are expected to enhance CRC's ability to develop oil and gas assets and expand its carbon management opportunities. Currently, 12 out of 13 brokerages rate CRC as a 'buy' or higher, with a median price target of $63.5.
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