Stephens analyst Mike Scialla upgraded CNX Resources (CNX) to Overweight from Equal Weight with a price target of $48, up from $35. The firm is raising its net asset value estimate 37% to $48 based on recent 2025-2027 NYMEX strip prices and the company’s year-end 2024 proved reserve report.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CNX:
- CNX Resources price target raised to $33 from $32 at JPMorgan
- Raymond James upgrades CNX to Market Perform on natural gas outlook
- CNX Resources upgraded to Market Perform from Underperform at Raymond James
- CNX Resources Navigates Earnings Amidst Regulatory Challenges
- CNX Resources Reports Robust Q4 2024 Results