Truist Financial Upgrades Price Target for CNX Resources

Published December 7, 2024

CNX Resources (NYSE:CNX) has received an updated price target from Truist Financial, which has raised its forecast from $34.00 to $35.00. In a recent report released on Friday, the firm assigned a "hold" rating to the stock of this oil and gas producer. This new target price implies a potential downside of 8.38% compared to the stock's closing price before the update.

CNX Resources Alerts:

  • $7 Billion in Clean Hydrogen Grants: Winners and Losers

Other research analysts have also made comments regarding CNX Resources. For instance, on October 1st, Tudor Pickering lowered its rating on the company, declaring it a "strong sell." Similarly, Scotiabank adjusted its price target from $25.00 to $27.00, while also assigning a "sector underperform" rating on August 20th. In another update, Mizuho raised its price estimate from $32.00 to $33.00, indicating a "neutral" stance as of October 14th. Piper Sandler made revisions as well, increasing their target from $20.00 to $23.00 and categorizing the stock as "underweight." Furthermore, Bank of America recently initiated coverage on CNX Resources, providing an