Raymond James lowered the firm’s price target on Infinity Natural Resources (INR) to $29 from $30 and keeps a Strong Buy rating on the shares. The firm’s 2025 production estimate of 33.2 Mboe/d, roughly in line with guidance, remains unchanged from its prior forecast and represents 40% growth year over year, the analyst tells investors in a research note. Raymond James cites the weaker oil strip for the price target reduction.
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