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Comstock Resources price target lowered to $18 from $20 at UBS

UBS lowered the firm’s price target on Comstock Resources (CRK) to $18 from $20 and keeps a Sell rating on the shares. The company’s Q2 report “skewed negative,” with a production miss and lower Q3 production guide, the analyst tells investors in a research note. UBS believes Comstock’s valuation continues to be full.

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