UBS Boosts California Resources (CRC) Price Target After BRY Acquisition

Group 1 - California Resources Corporation (NYSE:CRC) is recognized as one of the best cheap rising stocks to invest in currently, with UBS raising its price target from $63 to $70 while maintaining a Buy rating [1] - The recent acquisition of BRY by California Resources Corporation is viewed positively by UBS, indicating the company's commitment to upstream activities in California [1][2] - The acquisition of Aera last year positioned California Resources Corporation as a "natural consolidator" for BRY's assets, effectively doubling its upstream reach and creating significant synergies [2] Group 2 - The BRY transaction is expected to be accretive across key metrics, enhancing California Resources Corporation's production and asset base [2] - California Resources Corporation is characterized as an independent energy and carbon management company focused on energy transition [3]