Market Overview

Market Update: Wall Street Analysts Take On CNX Coal Resources


Thermal coal producer CNX Coal Resources LP (NYSE: CNXC) was introduced to the New York Stock Exchange on July 1. The company was formed by CONSOL Energy Inc (NYSE: CNX). The coal producer offered 5 million of its common shares to the public at the price of $15 per unit.

The stock has been up and down since its IPO, but has not moved too much from its initial $15 per common share. Many Wall Street analysts initiated coverage on the new stock Monday:

  • Goldman Sachs: Neutral and price target of $17.
  • JP Morgan: Overweight; PT of $18.
  • Bank of America: Buy; PT of $17.
  • Citigroup: Buy; PT of $20.
  • Credit Suisse: Outperform; PT of $22.
  • Cowen Group: Outperform; PT of $17.
  • Jefferies Group: Hold; PT of $14.50.
  • Stifel Nicolaus: Buy; PT of $19.

SUMMARY: 3 Buy, 2 Outperform, 1 Overweight, 1 Neutral, and 1 Hold rating; Price target range $14.50 - $22.00.

Latest Ratings for CNXC

Jan 2021Cross ResearchInitiates Coverage OnBuy
Dec 2020B of A SecuritiesInitiates Coverage OnBuy
Oct 2017CitigroupMaintainsNeutral

View More Analyst Ratings for CNXC
View the Latest Analyst Ratings


Related Articles (BZSUM + CNXC)

View Comments and Join the Discussion!

Posted-In: Price Target Initiation Analyst Ratings

Latest Ratings

TSLAJP MorganMaintains125.0
INTCTruist SecuritiesMaintains64.0
FBTruist SecuritiesMaintains320.0
AAPLCowen & Co.Maintains153.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at