Kimbell Royalty Partners initiated with a Neutral at Mizuho

Mizuho initiated coverage of Kimbell Royalty Partners (KRP) with a Neutral rating and $16 price target Kimbell holds a diversified royalty minerals portfolio across multiple U.S. basins, the analyst tells investors in a research note. The firm says that in an acquisition-driven sector where investors are increasingly focused on scale, the company’s gassier and lower margin asset base and relative market cap size “raise the bar for it to execute on future acquisitions.”