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Montauk Renewables price target lowered to $3 from $4 at B. Riley

B. Riley lowered the firm’s price target on Montauk Renewables (MNTK) to $3 from $4 and keeps a Neutral rating on the shares. The Q4 miss largely reflected Montauk’s decision to carry 2024 D3 Renewable Identification Numbers into 2025 due to price volatility, the analyst tells investors in a research note.

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