KeyBanc analyst Tim Rezvan lowered the firm’s price target on Comstock Resources to $21 from $26 and keeps an Overweight rating on the shares. The analyst cites Q4 bid-week pricing set for Henry Hub gas at $6.26/mcf — below his $7.50/mcf forecast, and quarter-to-date oil prices running softer than expected due to concerns over China lockdowns, physical inventory builds, and a potential recession.
Published first on TheFly
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