Alert: Rating Downgrade (3/8/24)-CVR Energy Inc (NYSE: CVI).

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Stock Rating Downgrade

Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for CVR Energy Inc (NYSE: CVI) weakened in recent days. CVI’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.

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Recent Price Action

CVR Energy Inc (NYSE: CVI) stock closed at $33.09 on 3/8/24 after a modest decline of -1.7%. However, normal trading volume at 83% of normal accompanied the decline. The stock is unchanged during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

CVI is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

CVR Energy has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. CVR Energy has a neutral Power Rating of 49 but a poor Appreciation Score of 29, producing the Negative Value Trend Rating.

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