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Arq price target raised to $10 from $8 at Canaccord

Canaccord raised the firm’s price target on Arq (ARQ) to $10 from $8 and keeps a Buy rating on the shares. The firm raised its target following a company update surrounding the GAC metamorphosis; moving from PAC (powdered activated carbon) to GAC (granular activated carbon). Canaccord said the conversion should increase prices and margins, drivng meaningfully higher revenue and profits.

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