Raymond James analyst Justin Jenkins downgraded CVR Energy (CVI) to Underperform from Market Perform. While CVR Energy’s refining portfolio can likely perform well in the currently solid margin backdrop, this is already reflected in the current valuation, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVI: