.August 26, 2024 6:02 PM

Truist Securities analysts have lowered the price target for REX American Resources (NYSE:REX) to $60 from $65, maintaining a Buy rating ahead of the company’s Q2 2025 earnings on August 27. The revision is based on adjusted crush spread forecasts and updated timelines for CCUS projects. Despite awaiting federal guidelines on CO2 pipelines, REX has shown diligent execution on expansion and CCUS efforts, benefiting from improved crush spreads in the second half of 2024. However, the analysts have adjusted the company’s 2025 outlook, delaying the expected CCUS uplift to 2026.