Neste price target lowered to $14 from $16 at TD Cowen

TD Cowen analyst Jason Gabelman lowered the firm’s price target on Neste to $14 from $16 and keeps a Hold rating on the shares. The firm said they expect shares to trade sideways neaar-term until drivers of the guidance revision are fully understood. However Cowen continues to expect margins to bottom this summer and ultimately rebound which should drive shares higher over time.