Goldman Sachs Downgrades California Resources (CRC) to Sell

Goldman Sachs analyst Brian Singer downgraded California Resources (NYSE: CRC) from Neutral to Sell with a price target of $20.00 (from $19.00).

• Cites the recent oil driven rally for the downgrade.
• Believes deleveraging remains a key factor that must be dealt with.

For an analyst ratings summary and ratings history on California Resources click here. For more ratings news on California Resources click here.

Shares of California Resources closed at $28.67 yesterday.

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