BKV Corp. price target raised to $25 from $23 at KeyBanc

KeyBanc raised the firm’s price target on BKV Corp. (BKV) to $25 from $23 and keeps an Overweight rating on the shares after meeting with representatives for a fulsome update on the company’s three business segments, as well as on management’s active investor outreach post-IPO. The firm comes away encouraged by execution and catalysts surrounding each segment. KeyBanc learned progress continues on the CCUS JV front ahead of potential policy curve balls from a Trump presidency. It sees optionality in the Power segment as the nascent datacenter landscape crystallizes, and also sees improving interest in, and valuations for, natural gas-focused E&Ps.