CONSOL Energy (CNX) PT Lowered to $24 at KLR Group
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Price: $37.49 -0.74%
Rating Summary:
9 Buy, 17 Hold, 7 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 0
Rating Summary:
9 Buy, 17 Hold, 7 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 0 | Down: 1 | New: 0
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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)."
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