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Fly News Breaks for May 22, 2018
CNX
May 22, 2018 | 17:01 EDT
Stifel analyst Jane Trotsenko resumed CNX Resources with a Hold rating and a price target of $18. The analyst notes that the stock saw "very strong" performance from November 2017 to March 2018, rising 27%, but has since declined by 5% on the company's disclosure of higher than anticipated spending amid "weak natural gas environment" at the company's Analyst Day. Trotsenko further states that investors should re-evaluate CNX Resources' cash flow spending to reflect the "good" production growth.
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