Stephens raised the firm’s price target on CNX Resources (CNX) to $35 from $26 and keeps an Equal Weight rating on the shares. The firm’s new net asset value estimate, on which it bases its price target includes about $4 per share for the New Technologies business and about $15 per share for the deep Utica in CPA, compared to $0 and $6 per share, respectively, previously, the analyst tells investors.

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