Deutsche Bank Securities Names CVR Energy (CVI) A Top Pick

Deutsche Bank Securities analysts Paul Sankey, Silvio Micheloto and David T. Clark rated share of CVR Energy Inc (NYSE: CVI) a Buy, with a price target of $10.

The analysts rated CVR Energy Inc based on their preference for niche and/or Mid Con refining plays.

The analysts also named CVR Energy Inc as one of their top picks.

The Deutsche Bank Securities analysts wrote, "risks to our thesis are numerous. First and foremost, is risk to oil product demand. Continued recession or plague could hurt crack spreads and CVI's earnings. Goldman Sachs and Kelso retain majority ownership and could take decisions adverse to the minority, public shareholders, including timing of future share sales. Accident/explosion (such as this summer's flood) is particularly important to a small-cap refiner, destroying earnings now and into the future. On the fertilizer side, any easing, or in fact the lack of mandated growth, could hurt both the fundamentals and valuation for the fertilizer partnership."