** Truist Securities cuts PT on ethanol producer REX American Resources REX.N to $50 from $55
** "Despite REX's continuing operational excellence and industry outperformance, regulatory delays and policy uncertainty continue to weigh on its future growth plans," says brokerage
** New PT still implies ~30% upside to stock's last close
** REX shares down 7.4% YTD, as of last close; they shed ~12% in 2024
(Reporting by Ateev Bhandari in Bengaluru)
((Ateev.Bhandari@thomsonreuters.com;))
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