KLR Group lowered its price target on CONSOL Energy (NYSE: CNX) to $24.00 (from $25.00) while maintaining a Buy rating.

Analyst John Gerdes commented, "We are decreasing our CNX target price $1 to $24 per share due to higher cash G&A expense. Our composite weighted average cost-of-capital values the coal business at ~6x next year’s cash generation (CNX Coal Resources (CNXC, $18.95, NR) market valuation)."