LandBridge price target raised to $79 from $38 at Barclays

Barclays analyst Theresa Chen raised the firm’s price target on LandBridge (LB) to $79 from $38 and keeps an Equal Weight rating on the shares. The firm says that consistent with its strategy at the initial public offering, it expects LandBridge to continue to add to its core footprint in the Permian and generate “healthy” earnings.