US EditionCivitas Resources Focuses On Debt Paydown, Asset Sales For FY25 Growth: Analyst - Civitas Resources (NYSE:CIVI)
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Civitas Resources Focuses On Debt Paydown, Asset Sales For FY25 Growth: Analyst - Civitas Resources (NYSE:CIVI)
J.P. Morgan analyst Zach Parham retained a Neutral rating on Civitas Resources, Inc. (NYSE:CIVI) with a price forecast of $49. The analyst writes that CIVI’s goal remains consistent with its fourth-quarter update, maintaining its focus on debt reduction over share buybacks. The analyst notes that the company aims to generate FCF and reduce debt by $800 million in FY25, which he sees as achievable at current strip pricing. Parham says asset sales…
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