Morgan Stanley has made a recent update regarding the stock of Civitas Resources (CIVI, Financial). Analyst Devin McDermott has maintained an "Overweight" rating for CIVI, keeping the same stance as the previous evaluation.
However, there has been a modification in the price target for the stock. The new price target has been set at USD 40.00, slightly down from the prior target of USD 41.00. This adjustment signifies a decrease of approximately 2.44% in the price target.
Despite the reduction in the price target, the "Overweight" rating suggests a positive outlook on the performance of Civitas Resources (CIVI, Financial) in the stock market. The update is based on Morgan Stanley's recent analysis as of May 23, 2025.
