LandBridge price target raised to $36 from $34 at Wells Fargo

Wells Fargo raised the firm’s price target on LandBridge to $36 from $34 and keeps an Overweight rating on the shares. LandBridge took a solid first step with its initial quarter, and additional guidance is expected post-Q3 results, the analyst tells investors in a research note. Both oil and gas and alternative uses offer visible growth opportunities, Wells says.