Barclays downgraded CVR Refining
On October 3, Barclays cut its rating for CVR Refining (CVRR) from “equal weight” to “underweight.” Barclays cut its target price for CVR Refining from $24 to $20. CVR Refining fell 2.7% in the week ending October 5. The stock has risen ~10% year-to-date.
Of the eight analysts surveyed by Reuters covering CVR Refining, one analyst rated it as a “buy,” one analyst rated it as a “sell,” and six analysts rated it as a “hold.” The median target price for CVR Refining is $22.
Hi-Crush Partners’ downgrade
Hi-Crush Partners saw two downgrades last week. Credit Suisse downgraded Hi-Crush Partners from “outperform” to “neutral.” Credit Suisse cut its target price for the stock from $14 to $11. UBS cut its rating for Hi-Crush Partners from “buy” to “neutral” and lowered the target price for the stock from $18 to $10.
After the rating changes, Hi-Crush Partners has five “buy” and 11 “hold” recommendations. The median target price for Hi-Crush Partners is $14.
Barclays upgraded Targa Resources
On October 3, Barclays raised its rating for Targa Resources from “equal weight” to “overweight.” Barclays raised its target price for Targa Resources from $54 to $65. Of the 21 analysts surveyed by Reuters covering Targa Resources, seven analysts rated the stock as a “strong buy,” five analysts rated it as a “buy,” and nine analysts rated it as a “hold.” The median target price for Targa Resources is $58.
To learn more about Targa Resources, read TRGP and OKE Have Outperformed the Energy Sector in 2018.