- Falcon Minerals (FLMN -10.9%) falls to all-time lows as Credit Suisse downgrades shares to Neutral from Outperform with a $6 price target, cut from $7, saying the company's disappointing Q4 guidance in a recent investor presentation capped off a "challenged" 2019.
- Credit Suisse's Betty Jiang says Falcon's discount valuation is warranted given the miner's limited growth visibility beyond Hooks Ranch.
- Jiang says Falcon's pre-released Q4 production missed her total production by 18% and oil production by 10%.
- FLMN's average Sell Side Rating is Bullish while its Quant Rating is Neutral.