Raymond James analyst John Freeman upgraded CNX Resources (CNX) to Market Perform from Underperform without a price target The firm says that if its bullish natural gas outlook proves accurate, CNX will benefit “from the rising tide lifts all boats theme.” The stock will lag CNX’s gassy peers with more exposure to the strip, but no longer warrants an outright sell rating, the analyst tells investors in a research note. Raymond James believes CNX shares will be able to perform in-line with broader market.
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