Truist Securities upgrades CNX Resources to Hold, maintains $35 target
Truist Securities analyst Gabe Daoud upgraded CNX Resources from Sell to Hold, maintaining the price target at $35. The rating change suggests a revised outlook on the stock's risk-reward profile.

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Truist Securities analyst Gabe Daoud has upgraded CNX Resources from Sell to Hold while maintaining the price target at $35. The rating change signals a shift in the firm's outlook on the natural gas company's stock performance.
The decision to upgrade the stock reflects an adjustment in the analyst's assessment of CNX Resources' risk-reward profile. Despite the upgrade, the unchanged price target of $35 suggests that the firm sees limited immediate upside from current levels.
Rating and Target Details
The following table outlines the revised rating and price target:
| Metric | Details |
|---|---|
| Previous Rating | Sell |
| New Rating | Hold |
| Price Target | $35 |
The Hold rating indicates that investors should maintain their current positions rather than buy or sell aggressively. The maintenance of the $35 price target implies that the stock is fairly valued near that level based on the firm's current analysis.
What factors could prompt a further upgrade to a Buy rating in the future?
How might changes in natural gas prices impact CNX Resources' stock performance?
What are the key risks that could prevent the stock from reaching the $35 price target?


























