Truist Financial Initiates Coverage on CNX Resources (NYSE:CNX)

Truist Financial has initiated coverage on CNX Resources (NYSE:CNX) with a “sell” rating and a $35.00 price target, suggesting a potential 14.02% downside. This new rating comes amidst mixed analyst sentiment, with an average “Reduce” rating and a $34.80 target from other firms, though some have recently upgraded the stock. CNX Resources recently reported strong quarterly earnings, beating expectations with $1.28 EPS and $610.5 million in revenue, and has a market capitalization of $5.8 billion.