AMSC price target raised to $40 from $33 at Craig-Hallum

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.