Icahn Enterprises LP (IEP) was Downgraded by UBS to ” Sell” while Lowering the Price Target of the company shares to $ 30 from a previous price target of $52 . Earlier the firm had a rating of “Neutral ” on the company shares. UBS advised their investors in a research report released on Aug 18, 2016.
Icahn Enterprises LP closed down -1.54 points or -2.57% at $58.36 with 85,176 shares getting traded on Wednesday. Post opening the session at $60.5, the shares hit an intraday low of $58.36 and an intraday high of $60.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on May 13, 2016, James Larry Nelson (director) sold 400 shares at $55.34 per share price.
Icahn Enterprises L.P. (Icahn Enterprises) is a diversified holding company. The Company owns subsidiaries which are engaged in the following operating businesses: Investment Automotive Energy Metals Railcar Gaming Food Packaging Real Estate and Home Fashion. The Company owns a 99% limited partner interest in Icahn Enterprises Holdings L.P. (Icahn Enterprises Holdings). All of its assets and liabilities are owned through Icahn Enterprises Holdings and all of its operations are conducted through Icahn Enterprises Holdings and its subsidiaries. The Company’s subsidiaries include CVR Energy Inc. WestPoint Home LLC Viskase Companies Inc. Tropicana Entertainment Inc. and PSC Metals Inc.