Infinity Natural Resources price target lowered to $21 from $25 at Citi

Citi lowered the firm’s price target on Infinity Natural Resources (INR) to $21 from $25 and keeps a Buy rating on the shares. The company’s Q2 was marginally below both consensus and the firm’s estimate, while its slight cash flow under-performance was driven by production roughly in line Citi estimate, the analyst tells investors in a research note. Infiniti’s earnings call also focused largely on two factors – their operational cadence and the growth opportunity set – both organic and inorganic, the firm added, further noting that its price target cut reflects the recent macro volatility and pricing uncertainties.