Form 8-K Vertex Energy Inc. For: May 26

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Go back to Form 8-K Vertex Energy Inc. For: May 26

Vertex Energy (VTNR) PT Raised to $25 at H.C. Wainwright; Suggesting Another 500%+ Upside

May 28, 2021 7:53 AM EDT

H.C. Wainwright analyst Amit Dayal raised the price target on Vertex Energy (NASDAQ: VTNR) to $25.00 (from $4.00) while maintaining a Buy rating after the transformational deal in which it agreed to acquire refining and logistics assets of Shell in Mobile, Alabama, for $75M. The new price target suggests another 526% upside from yesterday's close.

The analyst commented, "The deal is expected... More