Texas Pacific Land price target raised to $1,622 from $1,371 at Stifel

Stifel raised the firm’s price target on Texas Pacific Land to $1,622 from $1,371 and keeps a Hold rating on the shares following its Q2 results. The firm is primarily focused on three catalysts for the company: resolution of its shareholder lawsuit; management steadily increasing return of capital initiatives; and market consolidation of privately-held mineral interests to continue.