Infinity Natural Resources initiated with an Overweight at KeyBanc

KeyBanc analyst Tim Rezvan initiated coverage of Infinity Natural Resources (INR) with an Overweight rating and $26 price target Infinity is a high-growth, self-funding exploration and production company with optionality to both the dry gas and oil windows of western Appalachia resource plays, the analyst tells investors in a research note. The firm says Infinity represents one of the few pure-play investments on the oil window of the Utica Shale, “a once-forgotten shale play seeing new attention.”