Emerge Energy price target raised to $137 from $92 at RW Baird Baird raised its price target on Emerge Energy to $137 from $92 citing its pristine balance sheet. strong fundamentals, and rapid payback on capital deployment. Shares are Outperform rated.
Emerge Energy downgraded to Underperform from Neutral at Baird Baird downgraded Emerge Energy to Underperform from Neutral and lowered its price target to $33 from $34. The firm believes Emerge Energy's variable rate distribution will bottom in Q2 at 54c, below the Street's 63c estimate, which could lead to a drop in shares as low as $28. Cowen said it would be incrementally positive on shares below $30.