How Comstock Resources Inc. (CRK) Stock converts water flow into cash flow

Piper Sandler lowered the price target for the Comstock Resources Inc. (NYSE:CRK) stock from ‘a Neutral’ to ‘an Underweight’. The rating was released on May 18, 2023, according to finviz. We previously noted in another research note published on March 15, 2021 by Piper Sandler that downgraded the stock from an Overweight to a Neutral with a price target of $6 for CRK stock. The research report from BMO Capital Markets has downgraded the stock from Outperform to Market Perform, with a price target set at $5.