CNX Resources reinstated with an Underperform at BofA
The Fly

CNX Resources reinstated with an Underperform at BofA

BofA analyst Noah Hungness reinstated coverage of CNX Resources (CNX) with an Underperform rating and $34 price target CNX is the top performing E&P stock in 2024 and news regarding its coal mine methane, or CMM, business has been “appropriately priced in,” says the analyst, who sees better risk reward elsewhere in the space.

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