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Truist cuts Rex PT on regulatory delays, policy uncertainty

ReutersMar 27, 2025 12:07 PM

Truist Securities cuts PT on ethanol producer REX American Resources REX.N to $50 from $55

"Despite REX's continuing operational excellence and industry outperformance, regulatory delays and policy uncertainty continue to weigh on its future growth plans," says brokerage

New PT still implies ~30% upside to stock's last close

REX shares down 7.4% YTD, as of last close; they shed ~12% in 2024

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