BofA reinstated coverage of Kimbell Royalty Partners with an Underperform rating and $16 price target. A “heavy year” of M&A in 2023 has left the small cap royalty company with little rate of change to improve free cash flow and cash distribution capacity, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KRP:
- Seeking 12% Dividend Yield? Analysts Suggest 2 Dividend Stocks to Buy
- Kimbell Royalty Partners Unveils Summer 2024 Investor Presentation
- Kimbell Royalty Partners reports Q1 EPS 4c consensus 19c
- Kimbell Royalty Partners Announces Record First Quarter 2024 Results
- Kimbell Royalty Partners price target raised to $21 from $20 at KeyBanc