CNX Resources price target raised to $44 from $40 at Scotiabank

Scotiabank raised the firm’s price target on CNX Resources (CNX) to $44 from $40 and keeps a Sector Perform rating on the shares. The firm is updating its price targets for North American Natural Gas stocks under its coverage, the analyst tells investors. Scotiabank’s forecasts continue to show supply deficits in U.S. and Western Canada, leading the firm to believe natural gas commodity and equity prices will increase over the next year.