UPDATE: Raymond James Upgrades Enviva Partners LP (EVA) to Outperform

Raymond James analyst Pavel Molchanov upgraded Enviva Partners LP (NYSE: EVA) from Market Perform to Outperform with a price target of $80.00.

The analyst comments "Wood pellets are playing a valuable role in Europe’s energy transition and security, and there is also robust adoption in Japan. The catalyst for today’s upgrade — from Market Perform to Outperform — is yesterday’s EU vote that alleviated a major regulatory overhang in relation to biopower, including wood pellets. This overhang previously kept us on the sidelines since May."

For an analyst ratings summary and ratings history on Enviva Partners LP click here. For more ratings news on Enviva Partners LP click here.

Shares of Enviva Partners LP closed at $71.21 yesterday.

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