Vertex Energy price target raised to $25 from $4 at H.C. Wainwright 06:13 VTNR H.C. Wainwright analyst Amit Dayal raised the firm's price target on Vertex Energy to $25 from $4 and keeps a Buy rating on the shares following the "transformational deal" in which the company agreed to acquire refining and logistics assets of Shell n Mobile, Alabama, for $75M. Management intends to unlock value though an additional $85M investment in leveraging the asset's unique hydrocracking capability to produce renewable diesel, Dayal tells investors in a research note.
Guaranteed secondary coming probably tomorrow! But for a day this may be gummy material.... lets see if it retraces.