LandBridge Co LLC (NYSE:LB) shares tanked in early trading on Tuesday and have been volatile since then, after the company's IPO last month. Here are some key analyst takeaways from their initial coverage. Goldman Sachs On LandBridge Analyst John Mackay initiated coverage with a Buy rating and price target of $35. LandBridge's New Mexico-Texas Stateline acreage is poised to "capture continued Permian Basin growth, notably for produced water disposal," Mackay said in a note. The company has a unique business model with minimal requirements for operating and capital expenditure, which allows high free cash flow conversion, he added. LandBridge has "material upside opportunities on its acreage beyond servicing traditional oil and gas demand, particularly data centers and solar farms," the ...