Bank of America has reduced its price target for Infinity Natural Resources (INR, Financial) from $30 to $25, yet maintains a Buy rating for the stock. Despite the decrease, the firm observes that at a $60 WTI price level, U.S. oil producers continue to generate surplus cash beyond their capital expenses and dividends. This financial cushion suggests that producers will likely maintain a cautious stance in upcoming results periods, refraining from hasty adjustments. However, the firm cautions that should oil prices fall into the $40 range, many producers, including those under coverage, might struggle to fund their capital and dividends solely from organic cash flow, potentially prompting deeper cuts.
Infinity Natural Resources (INR) Price Target Lowered by BofA | INR Stock News
Apr 29, 2025
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