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Fly News Breaks for January 27, 2017
CRK
Jan 27, 2017 | 08:28 EDT
As previously reported, Baird analyst Daniel Katzenberg upgraded Comstock Resources to Outperform from Neutral and called it his top speculative gas idea. He believes its Haynesville opportunity should bring sustained cash flow expansion and a rejuvenated balance sheet. He also sees the upcoming debt/equity swap as a key catalyst to propel the stock higher. Katzenberg raised his price target to $17 from $9 on Comstock Resources shares.
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