REX American Resources price target lowered to $50 from $55 at Truist

Truist lowered the firm’s price target on REX American Resources (REX) to $50 from $55 and keeps a Buy rating on the shares. The company continues to manage well the aspects of its CCUS/ethanol expansion project within its control, while accelerating repurchases over the last several months/weeks, though policy uncertainty will remain an overhang for the stock in the near future, the analyst tells investors in a research note. Truist adds however that its reduced price target on REX reflects a valuation that is more in-line with peer average.