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CVR Energy (CVI) Receives a Sell from Mizuho Securities

Tipranks - Tipranks - Sat Jan 10, 6:56AM CST

In a report released today, Nitin Kumar CFA from Mizuho Securities reiterated a Sell rating on CVR Energy, with a price target of $28.00.

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Kumar CFA covers the Energy sector, focusing on stocks such as Chevron, Valero Energy, and CVR Energy. According to TipRanks, Kumar CFA has an average return of 2.5% and a 52.84% success rate on recommended stocks.

In addition to Mizuho Securities, CVR Energy also received a Sell from Scotiabank’s Paul Cheng in a report issued on January 6. However, on January 5, UBS maintained a Hold rating on CVR Energy (NYSE: CVI).

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Based on CVR Energy’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.94 billion and a net profit of $374 million. In comparison, last year the company earned a revenue of $1.83 billion and had a GAAP net loss of $124 million

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