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Coterra Energy assumed with a Buy at Mizuho
The Fly

Coterra Energy assumed with a Buy at Mizuho

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.

Published first on TheFly

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