Vertex Energy price target lowered to $3.50 from $8 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Vertex Energy to $3.50 from $8 and keeps a Buy rating on the shares. The analyst cites uncertainty about the capacity ramp to 14,000 bpd from 8,000 bpd given the company’s ongoing strategic review to improve balance sheet liquidity for the target drop.