Raymond James raised the firm’s price target on Infinity Natural Resources (INR) (INFI) to $28 from $26 and keeps a Strong Buy rating on the shares. Infinity Natural Resources had a “steady” Q1 with reiterated capex and production guidance for 2025, the analyst tells investors in a research note. There are several positive takeaways to Infinity from EOG‘s (EOG) acquisition of Encino, including that Encino being acquired removes the primary competition Infinity has faced from a consolidation perspective, the firm says.
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