EON Resources price target lowered to $2 from $4.50 at D. Boral Capital

D. Boral Capital analyst Jesse Sobelson lowered the firm’s price target on EON Resources (EONR) to $2 from $4.50 and keeps a Buy rating on the shares following the Q1 report. The firm cites a lowered forecast and contracted industry multiples for the target cut. The results point to continued maintenance of production rates until deals close, the analyst tells investors in a research note.