BofA raised the firm’s price target on Calumet (CLMT) to $28 from $24 and keeps a Buy rating on the shares. A combination of margin momentum and catalysts that could contribute hundreds of millions in additional EBITDA “calls for significant remaining upside to biofuels stocks from here,” the analyst tells investors.
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Read More on CLMT:
- Calumet price target raised to $24 from $20 at Goldman Sachs
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- Calumet price target raised to $24 from $23 at BofA
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