JP Morgan Maintains Underweight on CVR Energy, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Phil Gresh maintains an Underweight rating on CVR Energy (NYSE:CVI) and lowers the price target from $30 to $26.
July 02, 2024 | 3:20 pm
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JP Morgan analyst Phil Gresh maintains an Underweight rating on CVR Energy and lowers the price target from $30 to $26.
The Underweight rating and lowered price target from $30 to $26 by JP Morgan's analyst Phil Gresh suggest a bearish outlook on CVR Energy. This is likely to negatively impact the stock price in the short term as investors react to the lowered expectations.
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