Kimbell Royalty Partners LP (KRP) PT Raised to $22 at Truist Securities

Truist Securities analyst Neal Dingmann raised the price target on Kimbell Royalty Partners LP (NYSE: KRP) to $22.00 (from $21.00) while maintaining a Buy rating.\

The analyst commented: "We have adjusted our model for our revised price deck and updated our 2024/2025/2026 forecasts. Our $22 price target is derived by applying a target yield of 8.0% to our estimated 2025 distributable cash flow of $168MM (consensus of $175MM)."

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