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Fly News Breaks for January 24, 2019
CVI
Jan 24, 2019 | 06:37 EDT
Barclays analyst Paul Cheng started CVR Energy with an Underweight rating and $47 price target. Following the stock's outperformance over the past 12 months, its risk/reward is unattractive compared to the other refiners, Cheng tells investors in a research note. The analyst calculates sum-of-the-parts upside of 20% for CVR Energy, which is "well below" the 60%-65% upside he estimates for peers.
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