TD Cowen raised the firm’s price target on Calumet (CLMT) to $18 from $15 and keeps a Hold rating on the shares. The firm said 3Q results reflected strong core business dynamics. MRL should improve in 4Q with lower feedstock costs. The company sees passage of 2026 RVO supporting industry margins next year.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLMT:
- Calumet Specialty Products: Hold Rating Amid Strong Core Performance and Renewable Diesel Challenges
- Calumet’s Earnings Call: Strong Gains Amid Challenges
- Calumet Reports Strong Q3 2025 Financial Turnaround
- Midday Fly By: Musk pay plan approved, ‘GTA VI’ delayed
- Calumet reports Q3 EPS $3.61 vs. ($1.18) last year