Mizuho raised the firm’s price target on BKV Corp. (BKV) to $33 from $30 and keeps an Outperform rating on the shares. The firm sees the company’s proposed acquisition of additional 25% interest in BKV-BPP power joint venture as accretive to free cash flow. The deal puts BKV in the driver’s seat on growing the U.S. power business, the analyst tells investors in a research note.
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