Clean Energy price target raised to $7 from $6 at Stifel

Stifel analyst Derrick Whitfield raised the firm’s price target on Clean Energy to $7 from $6 and keeps a Buy rating on the shares. Stifel is updating its estimates for reported quarterly results and updated guidance in the firm’s biofuels universe, the analyst tells investors. Based on the firm’s assessment of the California LCFS market and its evaluation on the most recent RIN generation report, Stifel is “increasingly constructive” on the macro backdrop for RNG.