Montauk Renewables price target lowered to $4.50 from $5.50 at Clear Street

Clear Street lowered the firm’s price target on Montauk Renewables (MNTK) to $4.50 from $5.50 and keeps a Buy rating on the shares. The company reported “soft” Q2 results with a continued uptick in expenses, the analyst tells investors in a research note. The firm cut estimates to reflect the production volume shortfall and views 2025 as a transition year for Montauk.