CNX Resources price target raised to $19 from $17 at Truist

Truist raised the firm’s price target on CNX Resources to $19 from $17 and keeps a Hold rating on the shares. One clear takeaway from this quarter’s results is that share repurchases will continue to be a high priority of capital allocation as the company announced a new $1B share repurchase program, the analyst tells investors in a research note. Service costs will remain high for the rest of the year but will begin to trend lower to some degree in 2024, the firm adds.