Alto Ingredients price target lowered to $7 from $10 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Alto Ingredients to $7 from $10 and keeps a Buy rating on the shares. Input costs for the quarter were significantly higher than expected, pressured by higher natural gas prices, and a tighter crush spread resulting in another quarter of large gross loss, the analyst tells investors in a research note.