Truist Securities Upgrades CNX Resources to Buy, Raises Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Bertrand Hodee upgraded CNX Resources (NYSE:CNX) from Hold to Buy and increased the price target from $20 to $27.
December 04, 2023 | 11:05 am
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Truist Securities upgraded CNX Resources from Hold to Buy and raised the price target from $20 to $27, indicating a positive outlook on the stock.
Upgrades by analysts, especially with a significant increase in price target, tend to create positive sentiment among investors and can lead to a short-term increase in stock price. The upgrade from Hold to Buy suggests that Truist Securities sees improved fundamentals or potential in CNX Resources, which could attract more buyers to the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100