Scotiabank lowered the firm’s price target on Clean Energy to $5 from $6 and keeps an Outperform rating on the shares. The target change reflects the firm’s newly published commodity price deck, in which it raised its near- and long-term oil price outlook, as well as valuations across multiple metrics, the analyst tells investors.
Protect Your Portfolio Against Market Uncertainty
- Discover companies with rock-solid fundamentals in TipRanks' Smart Value Newsletter.
- Receive undervalued stocks, resilient to market uncertainty, delivered straight to your inbox.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLNE:
- Clean Energy price target lowered to $5 from $6 at Raymond James
- Clean Energy Fuels Strengthens Board with Strategic Appointment
- Clean Energy price target lowered to $6 from $7 at Scotiabank
- Clean Energy Fuels Board Member Parker Weil Resigns
- Clean Energy sees FY24 adjusted EBITDA $62M-$72M vs. $43.6M in FY23