Truist analyst Neal Dingmann lowered the firm’s price target on Comstock Resources to $11 from $16 and keeps a Hold rating on the shares. The company’s pre-announced Q4 production was below expectations as output was impacted by the cold weather along with a processing plant outage, the analyst tells investors in a research note. The firm has also lowered its 2023 gas price deck to better align with the current strip as part of its updated model.
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