BUZZ-Texas Pacific gains after KeyBanc raises PT on data center, water trends

Texas Pacific Land Corporation -1.10%

Texas Pacific Land Corporation

TPL

412.20

-1.10%

** Shares of Permian Basin-focused land and royalty company Texas Pacific Land TPL.N up 3.8% at $519.06

** KeyBanc Capital Markets raises PT on TPL to $639 from $350

** New PT represents an upside of 27.8% to stock's last close on Friday

** "We see Texas Pacific as ideally positioned from a land and water perspective and believe Sum-of-The-Parts valuation is warranted, which suggests further upside" - KeyBanc Capital Markets

** Brokerage says it has seen major positive developments in the power-generation and data center opportunity on TPL's surface acreage, alongside continued strength in its water business

** 3 of 4 brokerages rate the stock "buy" or higher and 1 "sell"; median PT is $352.06 - LSEG data

** Including session's moves, TPL up 80.2% YTD


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.