LandBridge price target raised to $34 from $31 at Citi

Citi analyst Spiro Dounis raised the firm’s price target on LandBridge to $34 from $31 and keeps a Neutral rating on the shares. The analyst cites the company’s better than expected produced water volumes reported with the Q2 print for the target increase. The firm expects LandBridge to announce its inaugural dividend and guidance with Q3 earnings.