Mizuho analyst Nitin Kumar assumed coverage of Coterra Energy with a Buy rating with a price target of $41, down from $42. While concerns over Appalachia asset quality and natural gas macro are understandable, the company’s peer-leading cash generation outlook that is trading at a discount on both net asset value and multiples "is hard to ignore," Kumar tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on CTRA:
- Coterra Energy upgraded to Neutral after pullback at BofA
- Coterra Energy upgraded to Neutral from Underperform at BofA
- Coterra Energy downgraded to Hold from Buy at Truist
- Williams executes agreements with Coterra Energy, Dominion for next gen gas
- Coterra Energy price target lowered to $30 from $39 at Barclays