UBS initiated coverage of Comstock Resources (CRK) with a Neutral rating and $19 price target Comstock is a pure-play natural gas exploration and production company with an emerging resource in the Western Haynesville, the analyst tells investors in a research note. The firm sees the stock’s valuation as reflecting the company’s improving long-term demand outlook and growing resource potential.
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Read More on CRK:
- Comstock Resources price target lowered to $20 from $22 at Morgan Stanley
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- Strategic Positioning and Strong Drilling Results Drive Buy Rating for Comstock Resources
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