B. Riley analyst Liam Burke downgraded Adams Resources (AE) to Neutral from Buy with a price target of $38, down from $45, after the company agreed to be acquired by Tres Energy for $38.00 per share in cash. The transaction is expected to close in Q1 of 2025, the analyst tells investors in a research note.
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Adams Resources downgraded to Neutral from Buy at B. Riley
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