UPDATE: Wedbush Maintains Outperform On FutureFuel

In a report published Sunday, Wedbush analyst Craig Irwin maintained an Outperform rating on FutureFuel Corp

but lowered the price target from $20.00 to $19.00. In the report, Wedbush says "Our target uses an 8.5x EV/EBITDA multiple on 2014 EBITDA estimates, reflecting a modest premium to agribusiness comps for FutureFuel's relative growth potential and attractive chemicals business. FF shares are trading at 7.0x EV/EBITDA on 2014 estimates, vs. agribusiness comps at 6.7x." FutureFuel closed on Friday at $16.84.