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Fly News Breaks for September 7, 2018
CVI
Sep 7, 2018 | 05:16 EDT
Goldman Sachs analyst Neil Mehta upgraded CVR Energy to Buy and raised his price target for the shares to $47 from $42. The analyst sees 31% total return potential following the year-to-date underperformance of the shares CVR is well positioned to take advantage of wider inland crude differentials as well as strong Mid-Con refining margins, Mehta tells investors in a research note. He also expects the company to benefit from reduced regulatory headwinds relating to Renewable Identification Numbers expenses.
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