Tamboran Resources price target raised to $60 from $37 at Northland

Northland raised the firm’s price target on Tamboran Resources (TBN) to $60 from $37 and keeps an Outperform rating on the shares after the company’s joint venture partner in the Beetaloo, Daly Waters Energy, announced a farmout to Japan’s INPEX at what the firm calls “an impressive valuation.” Tamboran is seeking a farmout too, with INPEX “a likely candidate,” the analyst tells investors.