Cool Company price target lowered to $11.50 from $13.50 at B. Riley

B. Riley lowered the firm’s price target on Cool Company (CLCO) to $11.50 from $13.50 and keeps a Buy rating on the shares. Cool Company reported Q1 results that reflected a tough supply and demand dynamic that is expected to improve, the analyst tells investors in a research note. Although near-term sentiment remains low, B. Riley believes Cool will benefit from its strong long-term positioning and attractive assets in a favorable long-term global demand environment.