Kimbell Royalty downgraded to Market Perform from Strong Buy at Raymond James

Raymond James double downgraded Kimbell Royalty Partners (KRP) to Market Perform from Strong Buy without a price target The firm sees some near-term headwinds from the company’s series A redemptions and more attractive yield opportunities elsewhere in the sector. The analyst’s updated 2025 distribution “fell meaningfully” for Kimbell due to a combination of weaker production outlook and lower commodity strip.