Infinity Natural Resources price target lowered to $20 from $24 at BofA

Group 1 - BofA analyst Kalei Akamine has lowered the price target on Infinity Natural Resources (INR) to $20 from $24 while maintaining a Buy rating on the shares [1] - There has been persistent bullish sentiment on natural gas for the past 18 months [1] - The firm anticipates rising risk of oversupply in 2027, which, along with lower price forecasts, leads to an average 12% reduction in price objectives among the gas-levered exploration and production (E&P) group [1]