Soleil Maintains Sell Rating on Verasun (VSE) But Raises Target

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12:00:00 pm on August 22, 2008

According to StreetInsider.com, Soleil Securities raised its price target on VeraSun (VSE) from 3.75 to 4.15 but maintained its sell rating.  Uh OK.. got it.  So you think the price will rise from current levels but it should still be sold. 

The firm also raised its 08 EPS estimate from .10 to .49 and its 09 estimate from .02 to .41 saying that it now reflects management guidance and the current macro ethanol markets.  The firm also believes VeraSun will begin to realize some synergies in 09 from its recent merger.

With such a wild swing in the estimate I’d be taking anything Soleil says about VeraSun with a grain of salt. 

VeraSun (VSE) is up nearly 2% today and looking significantly bullish over the last couple of months.

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