Mizuho Maintains Underperform on Comstock Resources, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Nitin Kumar has maintained an Underperform rating on Comstock Resources (NYSE:CRK) while raising the price target from $9 to $10.

April 15, 2024 | 3:56 pm
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Mizuho has maintained an Underperform rating on Comstock Resources, but increased the price target from $9 to $10.
The maintenance of an Underperform rating suggests that Mizuho's outlook on Comstock Resources remains negative, despite the increase in price target. This could indicate skepticism about the company's short-term growth prospects or operational performance, potentially leading to downward pressure on the stock price. However, the increase in price target might slightly mitigate the negative impact, as it suggests a slightly improved valuation perspective.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100