Truist cuts Rex PT on regulatory delays, policy uncertainty

REX American Resources

27/03/2025 12:07

** 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

 (Reporting by Ateev Bhandari in Bengaluru)

 ((Ateev.Bhandari@thomsonreuters.com;))