Stifel Downgrades Vertex Energy to Hold, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Michael Hoffman has downgraded Vertex Energy (NASDAQ:VTNR) from Buy to Hold and reduced the price target from $6 to $4. This reflects a more cautious stance on the company's stock by the analyst.

December 19, 2023 | 9:23 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Stifel analyst Michael Hoffman downgraded Vertex Energy from Buy to Hold and lowered the price target from $6 to $4, indicating a bearish outlook on the stock.
Analyst ratings can significantly influence investor sentiment and stock prices. The downgrade from 'Buy' to 'Hold' suggests that the analyst sees limited upside potential or increased risk in the stock. The reduction in the price target further implies a lower expected future stock price, which could lead to a negative short-term impact on Vertex Energy's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100