Truist initiated coverage of Infinity Natural Resources (INR) with a Buy rating and $26 price target The company offers a clean balance sheet and a unique set of assets allowing for flexibility in the currently volatile commodity markets, the analyst tells investors in a research note. Infinity’s focus is on gas growth in the near-term, but the firm expects the company to use its balance sheet and equity to drive both organic/external growth in both the gas-focused Pennsylvania Marcellus/Dry Utica and the liquids-focused OH Utica, the firm adds.
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