Diversified Energy price target raised to $27 from $21 at Truist

Truist analyst Bertrand Donnes raised the firm’s price target on Diversified Energy (DEC) to $27 from $21 and keeps a Buy rating on the shares. This morning, the U.S. Department of the Treasury released its final rules for clean hydrogen production tax credits, in particular outlining a path for Coal Mine Methane, the analyst tells investors in a research note. While the value of the credits are not finalized, the firm thinks the current longer-term horizon of gas focused investors will allow for multiple expansion in the near term.