Raymond James analyst John Freeman raised the firm’s price target on Infinity Natural Resources (INR) to $29 from $28 and keeps a Strong Buy rating on the shares. While plenty of macro uncertainty remains, the oil price has for the time being recovered, and Raymond James sees minimal activity changes from management teams as a result, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INR:
- Analysts See Massive Upside in These 3 Russell 2000 Stocks
- Infinity Natural Resources Appoints New Leadership Team
- Infinity Natural Resources price target lowered to $26 from $29 at RBC Capital
- Infinity Natural Resources management to meet with KeyBanc
- Infinity Natural Resources: Strong Growth Potential and Strategic Positioning Justify Buy Rating