Infinity Natural Resources price target raised to $18 from $17 at Roth Capital

Roth Capital raised the firm’s price target on Infinity Natural Resources (INR) to $18 from $17 and keeps a Buy rating on the shares. The company’s acquisition of producing assets and midstream operations in the Ohio Utica immediately offsetting its existing Utica footprint seems like an “attractive acquisition”, as the asset has seen minimal drilling development over the past several years, the analyst tells investors in a research note. The expanded inventory in Ohio Utica and control over midstream operations are compelling, the firm added.