Raymond James Lowers TXO Partners (TXO) Target but Backs High Dividend Yield
Raymond James cut its TXO Partners (NYSE:TXO) price target to $20 from $22 while keeping a Strong Buy rating, citing a weaker oil price outlook. The note said TXO’s high dividend yield and low base production decline support the recommendation. TXO plans to sell most assets via a $200M deal, expecting ~$100M proceeds and Q2 2026 close.


