Goldman Sachs Upgrades CVR Energy (CVI) to Buy

Goldman Sachs analyst Neil Mehta upgraded CVR Energy (NYSE: CVI) from Neutral to Buy with a price target of $47.00 (from $42.00).

The analyst cites recent underperformance for the upgrade and is expecting the company to benefit from reduced regulatory headwinds tied to RINs expenses. Mehta sees an attractive entry point at the current valuation.

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 $37.09 yesterday.

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