Genesis Energy price target raised to $18 from $15 at RBC Capital

RBC Capital analyst Elvira Scotto raised the firm’s price target on Genesis Energy (GEL) to $18 from $15 and keeps an Outperform rating on the shares ahead of the Q2 earnings report on July 31. RBC expects the call will focus on offshore project updates, capital allocation plans, and any updates to the outlook, the analyst tells investors in a research note.