Diversified Energy price target raised to $21 from $19 at Truist

Truist raised the firm’s price target on Diversified Energy (DEC) to $21 from $19 and keeps a Buy rating on the shares. The company turned in a “run-of-the-mill” Q3 but expanded its disclosures to include its Coal Mine Methane capture activity and its ability to drive free cash flow from environmental credit sales, the analyst tells investors in a research note. Using CNX Resources’ (CNX) valuation, the incremental free cash flow for Diversified Energy could be worth greater than $4/share to the base business to the investor group driving its peer’s performance, Truist adds.