Zacks Investment Research downgraded shares of CVR ENERGY INC (CVI) from OUTPERFORM to NEUTRAL on August 21, 2012, with a target price of $32.40.
Headquartered in Sugar Land, Texas, CVR ENERGY, INC. is an independent refiner and marketer of high value transportation fuels and, through a limited partnership, a producer of ammonia and urea ammonia nitrate fertilizers. CVR Energy's petroleum business includes full-coking sour crude refinery in Coffeyville, Kan. In addition, CVR Energy's supporting businesses include a crude oil gathering system serving central Kansas, northern Oklahoma and southwest Nebraska storage and terminal facilities for asphalt and refined fuels in Phillipsburg, Kan. and a rack marketing division supplying product to customers through tanker trucks and at throughput terminals.
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