KeyBanc analyst Tim Rezvan lowered the firm’s price target on BKV Corp. (BKV) to $25 from $27 on weaker Power segment outlook, while keeping an Overweight rating on the shares. Following a negative surprise on the earnings outlook for the Power JV, the firm is adjusting its sum-of-the-parts-based price target The outlook for Power is impactful to the outlook for BKV, given it is the most richly valued segment KeyBanc forecasts for the company.
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