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Fly News Breaks for November 18, 2019
FLMN
Nov 18, 2019 | 09:21 EDT
RBC Capital analyst TJ Schultz lowered his price target on Falcon Minerals to $8 and kept his Sector Perform rating after its Q3 earnings miss reported earlier this month. The analyst notes that while the company remains positioned for growth in the near term due to its completion of Hooks Ranch wells and other line-of-sight wells, he is still "conservative" on the medium-term visibility for its Eagle Ford development. At current levels however, Schultz adds that the risk-reward on Falcon Minerals is becoming "interesting".
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