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CVI

CVR Energy

$37.63

-0.61 (-1.60%)

, GPRE

Green Plains

$15.56

0.26 (1.70%)

11:16
11/30/18
11/30
11:16
11/30/18
11:16

EPA raises advanced biofuel mandate for 2019 by 15%, Reuters reports

The EPA has lifted its annual blending mandate for advanced biofuels by 15% for 2019, while maintaining the requirement for conventional biofuels such as corn-based ethanol, Reuters reports, citing an agency document. The mandate includes 4.92B gallons for advanced biofuels that can be produced from plant and animal waste, a figure which is higher than the EPA's initial proposal in June of 4.88B and more than the 4.29B that was set for 2018, the report says. Publicly traded companies in the space include CVR Energy (CVI), Green Plains (GPRE), and HollyFrontier (HFC). Reference Link

CVI

CVR Energy

$37.63

-0.61 (-1.60%)

GPRE

Green Plains

$15.56

0.26 (1.70%)

HFC

HollyFrontier

$61.45

-0.22 (-0.36%)

CVI CVR Energy
$37.63

-0.61 (-1.60%)

10/31/18
SBSH
10/31/18
INITIATION
Target $48
SBSH
Buy
CVR Energy initiated with a Buy at Citi
Citi started CVR Energy with a Buy rating and $48 price target.
10/31/18
SBSH
10/31/18
INITIATION
Target $48
SBSH
Buy
Citi sees CVR Energy as takeover target, starts with Buy rating
Citi analyst Prashant Rao started CVR Energy (CVI) with a Buy rating and $48 price target. The company could be a takeover target, "sufficiently proximate to justify a premium in shares today," Rao tells investors in a research note. He says that as the parent of CVR Refining (CVRR), CVR Energy "comprises two Midwest refineries that are highly complex, with access both to cost-advantaged feedstocks and a strong Midwest refined products market." The analyst notes that his $48 target implies a "lower-end" EBITDA take-out multiple and that CVR Energy has been open about potential deals.
10/31/18
10/31/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. CVR Energy (CVI) initiated with a Buy at Citi. 2. Cheniere Energy (LNG) reinstated with an Overweight at JPMorgan. 3. Eidos Therapeutics (EIDX) initiated with a Buy at Roth Capital. 4. NV5 Global (NVEE) and GSE Systems (GVP) were initiated with a Buy at Maxim. 5. Nexa Resources (NEXA) initiated with an Outperform at National Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/06/18
GSCO
11/06/18
DOWNGRADE
Target $45
GSCO
Neutral
CVR Energy downgraded to Neutral from Buy at Goldman Sachs
Goldman Sachs analyst Neil Mehta downgraded CVR Energy to Neutral and lowered his price target for the shares to $45 from $47. Following the recent outperformance of the shares, the analyst sees better investment opportunities elsewhere in the sector. He cites valuation for the downgrade to Neutral.
GPRE Green Plains
$15.56

0.26 (1.70%)

06/28/18
06/28/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AeroVironment (AVAV) downgraded to Hold from Buy at Stifel with analyst Joseph DeNardi citing valuation, but he continues to maintain a positive bias on the stock. 2. Beacon Roofing (BECN) downgraded to Sector Perform from Outperform at RBC Capital with analyst Michael Eisen saying he sees a threat to consensus estimates based on the higher oil price and freight costs amid declining industry demand. 3. Green Plains (GPRE) downgraded to Equal Weight from Overweight at Stephens with analyst Farha Aslam stating that its restructuring plan is a long-term positive, but in the near-term the company may be "forced to cut muscle." 4. Mattel (MAT) downgraded to Underperform from Neutral at DA Davidson with analyst Linda Bolton Weiser noting that the stock price has risen 29% from its April low even though the company's fundamentals have not improved. 5. Aquinox (AQXP) downgraded to Hold from Buy at Needham with analyst Alan Carr noting that the company's Phase 3 trial of rosiptor in Interstitial Cyrstitis failed to demonstrate efficacy, with no evidence of activity at any point or within any subset of patient subset. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here
07/31/18
ROTH
07/31/18
NO CHANGE
Target $25
ROTH
Buy
Roth Capital sees selloff in Green Plains as overdone
Roth Capital analyst Craig Irwin sees the selloff in Green Plains as overdone, as ethanol has the clear support of President Trump, and positive policy changes are likely to materialize at some point this year. Short-term volatility with corn prices pressured on trade tensions with China likely benefits Ethanol profits in 2H18, he adds. The analyst reiterates a Buy rating and $25 price target on the shares.
10/03/18
CHLM
10/03/18
NO CHANGE
CHLM
Buy
Trump's potential waiver for year-round sale of E15 positive for industry, says Craig-Hallum
Commenting on indications that President Trump will ask the EPA next week to grant a waiver for the year-round sale of E15, Craig-Hallum analyst Eric Stine says he believes the chances are high that this will happen given the importance of the farm vote to midterm elections and Trump's re-election prospects. The analyst believes this would be a strong positive for the industry and would positively impact industry demand in 2019. Stine reiterates a Buy rating on Pacific Ethanol (PEIX) and Green Plains (GPRE) shares.
10/11/18
SPHN
10/11/18
NO CHANGE
Target $18
SPHN
Equal Weight
Green Plains likely to announce more plant sales this month, says Stephens
After Green Plains (GPRE) announced an agreement to sell three ethanol plants to Valero (VLO) and an agreement to acquire storage and transportation assets from Green Plains Partners (GPP), Stephens analyst Farha Aslam said she sees this as the first step in the company's plan to divest non-core assets to reduce debt. She expects an announcement of two to three more plant sales to come later this month, Aslam added. The deal with Valero, which involves about 20% of Green Plains' reported capacity, is anticipated along with the Partners transaction to be 10c dilutive to FY19 EPS, Aslam estimates. She lowered her price target on Green Plains shares to $18 from $20 and keeps an Equal Weight rating on the stock, citing what she views as "challenging" fundamentals in the ethanol industry.
HFC HollyFrontier
$61.45

-0.22 (-0.36%)

06/29/18
USCA
06/29/18
UPGRADE
USCA
Overeight
HollyFrontier upgraded to Overeight from Hold at US Capital Advisors
08/01/18
MZHO
08/01/18
INITIATION
Target $75
MZHO
Neutral
HollyFrontier initiated with a Neutral at Mizuho
Mizuho initiated HollyFrontier with a Neutral and $75 rice target.
09/07/18
USCA
09/07/18
DOWNGRADE
USCA
Hold
HollyFrontier downgraded to Hold from Overweight at US Capital Advisors
10/16/18
JEFF
10/16/18
UPGRADE
Target $62
JEFF
Hold
HollyFrontier upgraded to Hold from Underperform at Jefferies
Jefferies analyst Christopher Sighinolfi upgraded HollyFrontier to Hold and raised his price target for the shares to $62 from $57.

TODAY'S FREE FLY STORIES

INVE

Identiv

$4.92

-0.08 (-1.60%)

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NFLX

Netflix

$290.51

-1.5 (-0.51%)

, DIS

Disney

$137.18

-1.38 (-1.00%)

12:08
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$290.51

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DIS

Disney

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Powell didn't fully answer why analysts have low rates even as government spending increases »

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DIS

Disney

$137.19

-1.37 (-0.99%)

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V

Visa

$179.30

-0.49 (-0.27%)

, MA

MasterCard

$278.23

1.12 (0.40%)

12:04
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Periodicals
FTC probing Visa, MasterCard over debit card transactions, Bloomberg reports »

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Visa

$179.30

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MA

MasterCard

$278.23

1.12 (0.40%)

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DIS

Disney

$137.23

-1.33 (-0.96%)

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ENR

Energizer

$47.45

5.44 (12.95%)

12:00
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11/13
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Hot Stocks
Energizer rises 13.2% »

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SPB

Spectrum Brands

$60.10

8.91 (17.41%)

12:00
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  • 13

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LN

Line Corp.

$49.79

9.12 (22.42%)

12:00
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Line Corp. rises 21.9% »

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CPRX

Catalyst Pharmaceuticals

$4.40

-0.51 (-10.39%)

11:57
11/13/19
11/13
11:57
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11:57
Recommendations
Catalyst Pharmaceuticals analyst commentary  »

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  • 13

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CTAS

Cintas

$249.50

-9.4 (-3.63%)

11:56
11/13/19
11/13
11:56
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11:56
Recommendations
Cintas analyst commentary  »

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FB

Facebook

$193.14

-1.33 (-0.68%)

11:55
11/13/19
11/13
11:55
11/13/19
11:55
Periodicals
China-owned TikTok is challenging Facebook for advertisers, Adweek says »

Adweek's platforms…

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TIF

Tiffany

$122.85

-1.25 (-1.01%)

11:50
11/13/19
11/13
11:50
11/13/19
11:50
Options
Put sale in Tiffanys opens 100 strike block in Feb »

Put sale in Tiffanys…

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11:50
11/13/19
11/13
11:50
11/13/19
11:50
General news
Powell on the next downturn: generally the Fed has cut 500 bps in recessions »

Powell on the next…

TCDA

Tricida

$37.50

-2.21 (-5.57%)

11:49
11/13/19
11/13
11:49
11/13/19
11:49
Conference/Events
Tricida participates in a conference call with JPMorgan »

SMid Biotech Analyst Fye…

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  • 14

    Nov

ADPT

Adaptive Biotechnologies

$26.60

-1.75 (-6.17%)

11:47
11/13/19
11/13
11:47
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Recommendations
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  • 07

    Dec

KNSA

Kiniksa

$6.62

-0.1 (-1.49%)

11:40
11/13/19
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11:40
Conference/Events
Kiniksa participates in a conference call with JMP Securities »

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  • 18

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General news
Powell on max employment: the economy can operate at a much lower level of unemployment »

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AAPL

Apple

$264.01

2.12 (0.81%)

, SJM

J.M. Smucker

$105.50

0.36 (0.34%)

11:36
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On The Fly
Apple initiation, J.M. Smucker downgrade among today's top analyst calls »

Check out today's top…

AAPL

Apple

$264.01

2.12 (0.81%)

SJM

J.M. Smucker

$105.50

0.36 (0.34%)

TTWO

Take-Two

$119.53

0.53 (0.45%)

MOS

Mosaic

$20.05

-0.89 (-4.25%)

FCX

Freeport McMoRan

$10.93

-0.12 (-1.09%)

AA

Alcoa

$21.64

-0.545 (-2.46%)

ALB

Albemarle

$65.09

-0.19 (-0.29%)

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LYV

Live Nation

$64.81

0.055 (0.08%)

11:35
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Hot Stocks
Live Nation, Rakuten partner to offer new members rewards and ticket offers »

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TRIP

TripAdvisor

$30.77

-0.93 (-2.93%)

11:35
11/13/19
11/13
11:35
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11:35
Options
TripAdvisor put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 25

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V

Visa

$179.73

-0.06 (-0.03%)

, MA

MasterCard

$279.01

1.9 (0.69%)

11:33
11/13/19
11/13
11:33
11/13/19
11:33
Periodicals
FTC probing Visa, MasterCard over debit card transactions, Bloomberg reports »

The Federal Trade…

V

Visa

$179.73

-0.06 (-0.03%)

MA

MasterCard

$279.01

1.9 (0.69%)

03/08/13
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03/06/13
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  • 10

    Dec

EXEL

Exelixis

$16.18

0.84 (5.48%)

11:25
11/13/19
11/13
11:25
11/13/19
11:25
Options
Exelixis call volume above normal and directionally bullish »

Bullish option flow…

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ESRX

Express Scripts

$0.00

(0.00%)

11:25
11/13/19
11/13
11:25
11/13/19
11:25
Conference/Events
Detroit Economic Club to hold a luncheon meeting »

Tim Wentworth, President…

03/08/13
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  • 13

    Nov

11:20
11/13/19
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General news
FX Action: USD-JPY »

FX Action: USD-JPY has…

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