Truist Securities Downgrades CNX Resources to Hold, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has downgraded CNX Resources from Buy to Hold and reduced its price target from $38 to $34.
October 28, 2024 | 12:17 pm
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Truist Securities downgraded CNX Resources from Buy to Hold and reduced the price target from $38 to $34, indicating a less optimistic outlook.
The downgrade from Buy to Hold suggests that the analyst sees less potential for upside in CNX Resources' stock price. The reduction in the price target from $38 to $34 further indicates a more cautious outlook on the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100