Raymond James analyst John Freeman downgraded Black Stone Minerals to Outperform from Strong Buy with a price target of $19, down from $20. The firm is still favorable on the name given Black Stone’s priority on organic growth over external acquisitions and a nearly zero leverage balance sheet, but Raymond James is bearish on natural gas, the analyst tells investors in a research note.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on BSM: