1404 ET - CNX Resources' current valuation presents more downside risk than upside risk, according to Truist Securities in a research note. Analysts say the integrated energy company, which is up 77% year-to-date, has failed at reassuring the market about the regulatory landscape regarding coal mine methane. Truist also says there's a lack of details on CNX's ability to bolster growth through other opportunities. Truist downgrades shares to hold from buy, and cuts its target price to $34 from $38. CNX Resources is off 2.7% to $35.57. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
October 28, 2024 14:04 ET (18:04 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。