Callon Petroleum (CPE) Price Target - Aug 16

[dan_s]

Callon Petroleum upgraded to buy from neutral at Citi
Firm believes company's valuation discount vs peers to narrow, driven by expected solid drilling results from its recently acquired Percussion assets, initiation of repurchases, and other factors. Target increased to $45 from $40
Analyst is Paul Diamond

This is significant because Paul Diamond really criticized CPE back in 2019 for the merger with Carrizo. Nice to see CPE finally out of his "Penalty Box".