tiprankstipranks
Adams Resources downgraded to Neutral from Buy at B. Riley
The Fly

Adams Resources downgraded to Neutral from Buy at B. Riley

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.

Don't Miss our Black Friday Offers:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App