Craig-Hallum analyst Eric Stine raised the firm’s price target on AMSC (AMSC) to $40 from $33 and keeps a Buy rating on the shares. American Superconductor’s business has been trending positively for many quarters, and it kept things rolling in Q3, the firm notes. AMSC’s Q3 results were ahead of Street estimates and above its outlook, and it guided Q4 higher again.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMSC: