Benchmark raised the firm’s price target on Consol Energy (CEIX) to $140 from $105 and keeps a Buy rating on the shares after the company reported Q3 adjusted EBITDA of $179M, beating the firm’s $176M estimate and the $174M consensus. Management also increased full-year sales guidance by 0.5M tons at the low-end and reduced its cash cost/ton target by 50c at the midpoint, the analyst noted.
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Read More on CEIX:
- CONSOL Energy Finalizes Departure of Former General Counsel
- Consol Energy and Arch Merger Faces Uncertainties Over Workforce Retention and Stability
- CONSOL Energy Reports Strong Q3 2024 Results
- CONSOL Energy Reports Strong Q3 2024 Performance
- Consol Energy reports Q3 EPS $3.22, consensus $3.16
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
