UPDATE: BofA Securities Downgrades CONSOL Energy (CNX) to Underperform

June 21, 2021 8:08 AM EDT
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Price: $11.64 -2.59%

Rating Summary:
    15 Buy, 14 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
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(Updated - June 21, 2021 8:08 AM EDT)

BofA Securities analyst Doug Leggate downgraded CONSOL Energy (NYSE: CNX) from Neutral to Underperform, PT $15.00.

The analyst comments "We downgrade CNX to Underperform from Neutral predominantly given a more constructive view on oil than natural gas. Note CNX portfolios is currently 95% natural gas. Notable is that the debate over sustainable inventory that has been a continued question mark over CNX."

For an analyst ratings summary and ratings history on CONSOL Energy click here. For more ratings news on CONSOL Energy click here.

Shares of CONSOL Energy closed at $13.15 yesterday.

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