Renewable Energy Group catches the eye of stock analysts

In New York, Wedbush began covering the Renewable Energy Group on NASDAQ on Friday, with an initial “outperform” rating and a $17 price target, roughly 25% higher than recent closing. Canaccord Genuity reiterated REG’s “buy” rating in May with a $16 price target, while UBS set a $10 to $12 price target in early May while also having a “buy” rating. The Motley Fool sees investing in REG as a way to hedge spiking RIN prices.