H.C. Wainwright analyst Amit Dayal raised the firm’s price target on Alto Ingredients (ALTO) to $10 from $5.50 and keeps a Buy rating on the shares. The firm says improvements in the macro environment for renewable fuels industry over the last few quarters that have “created an environment for steady operational profitability for the business that was lacking previously.”
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ALTO:
- Alto Ingredients reports Q1 EPS 5c, two estimates (3c)
- ALTO Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Largest borrow rate increases among liquid names
- Trump Trade: U.S. said to seek one-month ceasefire to hold Iran talks
- White House preparing E15 waiver for summer gasoline sales, Bloomberg says