Calumet price target raised to $60 from $33 at H.C. Wainwright

H.C. Wainwright analyst Amit Dayal raised the firm’s price target on Calumet (CLMT) to $60 from $33 and keeps a Buy rating on the shares. The firm cries expectations of an improving pricing and demand environment for renewable fuels for the target boost. Price disruption in the energy markets could remain sustained even if the Middle East conflict is resolved in short order, the analyst tells investors in a research note. H.C. Wainwright says Calumet remains one of the low-cost renewables producers in the industry.