Scotiabank raised the firm’s price target on CVR Energy (CVI) to $21 from $16 and keeps an Underperform rating on the shares. The firm believes the company’s Q1 results will have a positive impact on near-term share price performance, the analyst tells investors. Additionally, the firm believes the company’s outlook will brighten in Q2 as Group 3 margin continues to improve.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVI:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue