CVR Energy price target raised to $29 from $25 at Scotiabank

Scotiabank analyst Paul Cheng raised the firm’s price target on CVR Energy to $29 from $25 and keeps an Underperform 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.