This morning, Goldman Sachs downgraded shares of CVR Energy (NYSE:CVI) from neutral to sell as the stock has the least upside within the sector. With the downgrade, Goldman set a $60 price target. Shares of CVR Energy were lower by 2.7% on the news.
UBS downgraded shares of Occidental Petroleum (NYSE:OXY) from buy to neutral citing valuation. The stock is approaching the firm's $100 price target creating a less favorable risk/reward profile. Share of Occidental were lower by 0.6% today.
And UBS also reduced its EPS estimates on shares of Apollo Investments (NASDAQ:AINV) as a dividend raise in the quarter seems less likely. Shares of AINV were higher by 0.9% despite the report.
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