Mizuho raised the firm’s price target on CNX Resources (CNX) to $35 from $34 and keeps a Neutral rating on the shares. The company remains focused on capital discipline, keeping spending near maintenance levels despite improving gas fundamentals, the analyst tells investors in a research note. The One Big Beautiful Bill extended CNX’s tax-free period to 2028-2029, 1-2 years longer than prior expectations, supporting the firm’s higher net asset value estimate, Mizuho added.
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