Truist Securities analysts lowered the price target for REX American Resources (NYSE:REX) to $60, down from $65, while maintaining a Buy rating, ahead of the company’s upcoming Q2 2025 earnings, scheduled on August 27.
The revision comes ahead of the company’s upcoming first-quarter earnings report, with the analysts updating estimates based on adjusted crush spread forecasts and updated timelines for carbon capture, utilization, and storage (CCUS) projects. While the broader industry awaits updated federal guidelines on CO2 pipelines, the analysts acknowledged REX’s diligent execution on controllable expansion and CCUS efforts, benefiting from improved crush spreads in the second half of 2024. However, the analysts adjusted the company’s 2025 outlook, pushing the expected CCUS uplift into 2026.