Goldman Sachs Resumes CVR Energy (CVI) at Sell
Get Alerts CVI Hot Sheet
Rating Summary:
1 Buy, 7 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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Goldman Sachs resumed coverage on CVR Energy (NYSE: CVI) with a Sell rating and a price target of $41.00.
Analyst Neil Mehta said, "We resume coverage of CVR Energy (CVI) with a Sell rating and a $41, 6-month price target, implying -14% return versus our coverage average upside of 25%. We see better risk/reward to the company’s underlying refining MLP, CVR Refining (CVRR). Three factors underpin our negative view on CVI: (1) recent outperformance relative to CVRR and UAN, the underlying MLP businesses, (2) slow growth at the company’s Fertilizer segment and (3) the absence of a higher multiple midstream/logistics business, which would reduce company risk and likely enable multiple expansion."
For an analyst ratings summary and ratings history on CVR Energy click here. For more ratings news on CVR Energy click here.
Shares of CVR Energy closed at $47.80 yesterday.
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