Goldman Sachs Lifts Price Target for Calumet to $45.00

Goldman Sachs raised its price objective for Calumet (NASDAQ: CLMT) stock to $45.00 from $40.00, according to a research note issued by The Goldman Sachs Group on Tuesday.

The firm has maintained a 'neutral' rating on the oil and gas company's stock, which currently suggests a potential downside of 6.93% from its previous close.

Calumet has been the subject of several other research reports in recent weeks, with analysts boosting their price targets and issuing various ratings. TD Cowen boosted its price target to $40.00 from $34.00 and gave Calumet a 'hold' rating, while Weiss Ratings restated a 'sell (d-)' rating.

Calumet's stock opened at $48.35 on Tuesday, with a one-year high of $49.17 and a market capitalization of $4.25 billion.