Morgan Stanley raised the firm’s price target on Comstock Resources (CRK) to $20 from $19 and keeps an Equal Weight rating on the shares. The firm marked its 2026-27 oil price deck for strip as of January 7 in conjunction with its Q4 preview for the E&Ps, oil majors and Canadian producers. The firm expects “fairly clean” Q4 operational updates but lighter cash flow from price realizations, the analyst tells investors in the preview.
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Read More on CRK:
- Comstock Resources downgraded to Neutral from Buy at BofA
- Comstock Resources price target raised to $25 from $24 at Citi
- Sell Rating on Comstock Resources: Execution Risk, Leveraged Balance Sheet, and Fully Priced NextEra Upside Limit Near- to Medium-Term Risk/Reward
- Short Report: Comstock Resources short position at record high
- Comstock Resources price target raised to $18 from $16 at UBS