Morgan Stanley cuts CNX Resources target to $32
Morgan Stanley analyst Devin McDermott maintained an Underweight rating on CNX Resources and lowered the price target to $32 from $34. The revision reflects a revised outlook on the stock.
*this image is generated using AI for illustrative purposes only.
Morgan Stanley analyst Devin McDermott maintained an Underweight rating on CNX Resources and lowered the price target to $32 from $34. The adjustment signals a cautious stance on the company's near-term performance potential.
Rating and Target Changes
The firm's decision to reduce the price target comes as it reassesses the stock's valuation. The Underweight rating suggests that CNX Resources is expected to underperform relative to the broader market or its sector peers.
| Metric | Previous | New |
|---|---|---|
| Rating | Underweight | Underweight |
| Price Target | $34 | $32 |
What specific factors led Morgan Stanley to reassess CNX Resources' valuation?
How might CNX Resources' operational strategy shift in response to this bearish outlook?
What are the potential risks for CNX Resources if natural gas prices decline further?
16
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
