B. Riley Securities Maintains Buy on Adams Resources & Energy, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
B. Riley Securities has maintained its 'Buy' rating on Adams Resources & Energy (AMEX:AE) but lowered the price target from $55 to $50.
August 11, 2023 | 5:15 pm
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B. Riley Securities has maintained its 'Buy' rating on Adams Resources & Energy but lowered the price target from $55 to $50.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the expected future value of the stock. However, the impact on the stock price in the short term is uncertain as the 'Buy' rating still indicates a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100