Canaccord lowered the firm’s price target on Arq (ARQ) to $8 from $9 and keeps a Buy rating on the shares. The firm said they remain optimistic regarding Arq’s PAC to GAC transition, but after 2 delays, but need more proof points that their optimism is grounded in reality.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ARQ: