Scotiabank Maintains Sector Underperform on CNX Resources, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Cameron Bean maintains a Sector Underperform rating on CNX Resources (NYSE:CNX), with the price target raised from $20 to $25.
April 11, 2024 | 8:06 pm
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Scotiabank maintains a Sector Underperform rating on CNX Resources, but raises the price target from $20 to $25.
While the upgrade in price target from $20 to $25 suggests a positive outlook on the stock's value, the maintenance of a Sector Underperform rating indicates skepticism about the company's performance relative to its sector. This mixed signal could lead to neutral short-term price movement as investors weigh the increased price target against the underperform rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100