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.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks