AMSC price target raised to $39 from $33 at Oppenheimer

Oppenheimer raised the firm’s price target on AMSC (AMSC) to $39 from $33 and keeps an Outperform rating on the shares. The firm says the company continued to leverage its differentiated product portfolio into better-than-expected results. Oppenheimer is encouraged by AMSC’s customer commentary which suggests growth in wind and increased Grid deal size and end-market diversity. The firm remains bullish on shares.