Goldman Sachs Downgrades CVR Energy (CVI) to Sell

Goldman Sachs downgraded CVR Energy (NYSE: CVI) from Neutral to Sell with a price target of $56 saying CVI shows the least upside among refiners under coverage.

Analyst Arjun N. Murti states, "Shares of CVI appear to be discounting full credit for our target values for CVRR and UAN, leaving little fundamental upside. Moreover, using current share prices, CVI is trading well above the combined market value of both UAN and CVRR adjusted for CVI’s ownership stake."

For an analyst ratings summary and ratings history on CVR Energy click here. For more ratings news on CVR Energy click here.

Shares of CVR Energy closed at $59.64 yesterday.

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