Raymond James reiterates Market Perform rating on CNX Resources stock

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Raymond James has reiterated its Market Perform rating on CNX Resources (NYSE:CNX) following the company’s recent fourth-quarter results and fiscal year 2026 guidance. Despite trading near its 52-week high, the stock is considered undervalued based on InvestingPro data, with management aggressively buying back shares. The company’s production and capital expenditure projections align with analyst expectations, though its free cash flow to enterprise value yield is below peers due to an unfavorable hedge book.

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