Comstock Resources Q2 Adj. EPS $0.03, Inline, Sales $353.282M Miss $430.351M Estimate

Abercrombie & Fitch Posts Upbeat Q2 Results, Joins Semtech, Summit Therapeutics And Other Big Stocks Moving Higher On Wednesday

U.S. stocks mixed, Nasdaq up 0.1%. Abercrombie & Fitch shares surge 31.6% after beating earnings and raising forecasts. Other top gainers include Kanzhun, Capricor Therapeutics, Semtech Corp, and more.

Morgan Stanley Maintains Equal-Weight on Comstock Resources, Lowers Price Target to $15

Morgan Stanley analyst Devin McDermott maintains Comstock Resources (NYSE:CRK) with a Equal-Weight and lowers the price target from $16 to $15.

Shares of oil and gas exploration and production companies are trading higher amid crude price gains due to continued Iranian demands over war reparations, unfreezing of sanctioned assets, and Strait of Hormuz tolling as negotiations with the U.S. may have reached an impasse.