B. Riley lowered the firm’s price target on Adams Resources to $45 from $50 and keeps a Buy rating on the shares post the Q3 report. The analyst reduced estimates for both 2023 and 2024 based on lower anticipated transportation volumes.
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Read More on AE:
- ADAMS RESOURCES & ENERGY, INC. ANNOUNCES THIRD QUARTER 2023 RESULTS AND DECLARES QUARTERLY DIVIDEND
- Is AE a Buy, Before Earnings?
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