Vertex Energy (VTNR +3.1%) is started with a Buy rating and $4 price target at Wunderlich, which...

|About: Vertex Energy, Inc. (VTNR)|By:, SA News Editor

Vertex Energy (VTNR +3.1%) is started with a Buy rating and $4 price target at Wunderlich, which cites flexibility in responding to price/supply fluctuations across the collection/resale markets for used oil. In addition to economies of scale and low capital requirement, the spread between VTNR's feedstock and its end products are more highly correlated than fully re-refined Group II base lube oils, the firm says.