Calumet Specialty Products price target raised to $27 from $22 at TD Cowen - TipRanks.com

TD Cowen raised the firm’s price target on Calumet Specialty Products to $27 from $22 and keeps a Buy rating on the shares. The firm noted they secured a long-awaited DoE loan that will enable it to fund its SAF expansion. The larger than anticipated loan will reduce interest while acceleration of SAF production increases the firm’s EBITDA outlook.

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