KeyBanc analyst Tim Rezvan downgraded Comstock Resources to Sector Weight from Overweight without a price target. The analyst sees the shares as range-bound amid weakening natural gas dynamics, execution risk in 2023 and Haynesville well degradation issues that he does not see with other active operators. A volatile, but ultimately mild, winter to date is not supporting natural gas demand, Rezvan tells investors in a research note.
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Published first on TheFly
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