B. Riley lowered the firm’s price target on Montauk Renewables (MNTK) to $1.50 from $3 and keeps a Neutral rating on the shares. The firm updated its model to reflect recent refinancing actions and expected funding necessary to meet capex requirements through 2027, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MNTK: