AMSC price target lowered to $50 from $52 at Clear Street

Clear Street analyst Tim Moore lowered the firm’s price target on AMSC (AMSC) to $50 from $52 and keeps a Hold rating on the shares. The shares are likely to be weak following ASMC’s “mixed fiscal Q2 results on the the lack of a sales beat and the recent share rally, the analyst tells investors in a research note. However, the firm points out the backlog for semiconductors has grown and AMSC expects to have revenue from its first ever direct data center project in the coming months.