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.
On The Fly: Analyst Upgrade Summary Today's noteworthy upgrades include: Avon Products (AVP) upgraded to Buy from Neutral at Citi... Box (BOX) upgraded to Buy from Neutral at BofA/Merrill... Daimler AG (DDAIF) upgraded to Buy from Neutral at UBS... Emerge Energy (EMES) upgraded on amended credit deal at Stifel... Fairmount Santrol (FMSA) upgraded to Hold from Underperform at Jefferies... IAMGOLD (IAG) upgraded to Hold from Reduce at HSBC... Kinross Gold (KGC) upgraded on acquisitions at RBC Capital... Lowe's (LOW) upgraded to Overweight from Neutral at Atlantic Equities... Nimble Storage (NMBL) upgraded on valuation at DA Davidson... Resolute Energy (REN) upgraded to Equalweight from Underweight at Capital One... Schnitzer Steel (SCHN) upgraded to Equal Weight from Underweight at Morgan Stanley... Webster Financial (WBS) upgraded to Overweight from Neutral at JPMorgan.
Emerge Energy upgraded on amended credit deal at Stifel As noted earlier, Stifel upgraded Emerge to Hold from Sell. The firm thinks the company's new credit facility deal will enable it to continue to operate through the current environment. As a result, Stifel sees little downside in the stock.