Scotiabank Maintains Sector Underperform on CVR Energy, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng has maintained a Sector Underperform rating on CVR Energy and lowered the price target from $25 to $21.
October 10, 2024 | 5:22 pm
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NEGATIVE IMPACT
Scotiabank has maintained a Sector Underperform rating on CVR Energy and reduced its price target from $25 to $21, indicating a bearish outlook.
The maintenance of a Sector Underperform rating and the reduction of the price target from $25 to $21 by Scotiabank suggests a negative outlook on CVR Energy's stock performance. This is likely to lead to a short-term decrease in the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100