Comstock Resources price target lowered to $25 from $29 at Clear Street

Clear Street lowered the firm’s price target on Comstock Resources (CRK) to $25 from $29 and keeps a Buy rating on the shares. The company reported a Q1 EBITDA miss when backing out the one-off unrealized gain from derivatives, the analyst tells investors in a research note. The firm cites Comstock ‘s higher net debt for the target cut.