TD Cowen raised the firm’s price target on Calumet (CLMT) to $25 from $19 and keeps a Hold rating on the shares. The firm updated itsmodel after the company reiterated timing for MaxSAF startup and that it will achieve $1/gal – $2/gal SAF premium over RD. Cowen remains hesitant to price that in based on available credits in the market.
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