CVR Energy’s (NYSE:CVI) Board of Directors urges its holders to reject the Carl Icahn’s $30 per share bid, saying it substantially undervalues the company.The board is confident that the company will deliver greater value to its shareholders by pursuing its current, successful plan.CVR Energy (NYSE:CVI) has potential upside of 4.7% based on a current price of $27.21 and an average consensus analyst price target of $28.5.