Amprius Technologies price target raised to $10 from $6 at B. Riley

B. Riley analyst Ryan Pfingst raised the firm’s price target on Amprius Technologies (AMPX) to $10 from $6 and keeps a Buy rating on the shares. The stock has more than doubled since Amprius announced a new contract manufacturing agreement with a South Korean battery manufacturer in late May, the analyst tells investors in a research note. The firm expects the company’s momentum to continue, with potential catalysts including new customer announcements and ongoing margin improvement.