Calumet price target raised to $33 from $28 at BofA

Group 1 - BofA analyst Conor Fitzpatrick raised the price target on Calumet (CLMT) to $33 from $28 while maintaining a Buy rating on the shares [1] - The firm's model estimates were updated with little change following a commodity deck refresh [1] - The increase in price target is attributed to rising margins in the market for renewable diesel and sustainable aviation fuel, which support the value of Montana Renewables [1]