Comstock Resources price target raised to $10 from $9 at Mizuho

Mizuho raised the firm’s price target on Comstock Resources to $10 from $9 and keeps an Underperform rating on the shares. The company already dropped two rigs and cut the dividend in response to lower gas prices, the analyst tells investors in a research note. The firm says that although investors will likely look for further reductions in activity, the remaining rigs are active on projects so another drop is unlikely until late Q2.