Infinity Natural Resources initiated with a Strong Buy at Raymond James

Raymond James initiated coverage of Infinity Natural Resources (INR) with a Strong Buy rating and $30 price target Infinity Natural Resources is bringing some excitement back to the E&P space, and the company should be able to grow production nearly 40% this year and 30% next year, all while holding basically zero debt and increasing free cash flow dramatically, the analyst tells investors in a research note. The firm highlights Infinity’s “unparalleled” growth trajectory, high-return drilling inventory, “bulletproof” balance sheet, and attractive valuation.