Raymond James raised the firm’s price target on Kimbell Royalty Partners to $21 from $19 and keeps a Strong Buy rating on the shares. This week’s acquisition of ~6,500 Midland Basin net royalty acres comes less than six months after the company’s Hatch acquisition, further increasing Kimbell’s already sizable Permian footprint, the analyst tells investors in a research note.
Published first on TheFly
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