Stifel Maintains Buy on Comstock Resources, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Comstock Resources (NYSE:CRK) but has reduced the price target from $15 to $13.

January 23, 2024 | 5:29 pm
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NEGATIVE IMPACT
Stifel maintains a Buy rating on Comstock Resources but lowers the price target from $15 to $13, indicating a potential downside from the previous target.
The reduction in price target by Stifel suggests that they see less upside potential for Comstock Resources than previously thought, which could lead to a negative short-term reaction in the stock price. However, the maintenance of a Buy rating indicates a continued positive outlook on the company's fundamentals, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100