UBS analyst Manav Gupta raised the firm’s price target on CVR Energy (CVI) to $35 from $27 and keeps a Neutral rating on the shares. The firm cites sector tailwinds for the higher price target ahead the company’s Q3 results as global outages to support cracks. It believes CVR Energy could reinstate a dividend by year end.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVI:
- Tesla CEO buys shares, China says Nvidia broke antitrust law: Morning Buzz
- CVR Energy downgraded to Underperform from Neutral at Mizuho
- CVR Energy Unveils New Investor Presentation Strategy
- EPA Grants Waivers to CVR Energy’s Subsidiary
- CVR Energy provides update on EPA small refinery exemption decision