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UPDATE: Goldman Sachs Upgrades Consol Energy on Multiple Positive Factors

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In a report published Friday, Goldman Sachs analyst Neil Mehta upgraded the rating on Consol Energy (NYSE: CNX) from Neutral to Buy, and raised the price target from $35.00 to $43.00.

In the report, Goldman Sachs noted, “We upgrade Consol Energy (CNX) from Neutral to Buy given (1) improving cash flow from the coal segment, (2) strong production growth from the E&P segment, driven by higher volumes from its low-cost Marcellus Shale position, (3) potential for asset sales and restructuring that can help investors recognize the SOTP value and (4) a strong financial profile, with industry-leading EBITDA growth and solid leverage metrics.”

Consol Energy closed on Thursday at $34.89.

Latest Ratings for CNX

DateFirmActionFromTo
Jan 2021JP MorganInitiates Coverage OnOverweight
Oct 2020MKM PartnersUpgradesNeutralBuy
Oct 2020Raymond JamesMaintainsOutperform

View More Analyst Ratings for CNX
View the Latest Analyst Ratings

 

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Posted-In: Goldman Sachs Neil MehtaAnalyst Color Upgrades Analyst Ratings

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