Zacks Investment Research downgraded shares of REX AMERICAN RS (REX) from OUTPERFORM to NEUTRAL on May 29, 2012, with a target price of $23.20.
REX American Resources Corporation, formerly known as REX Stores Corporation, is engaged in the production and sale of ethanol and distillers grains. The Company owns interests in corn- or sorghum-based ethanol production facilities in Illinois, Iowa and Texas. The Company also intends to monetize its real estate assets via leases and property sales, as market conditions allow. REX American Resources Corporation is headquartered in Dayton, Ohio.
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