Arq price target raised to $6 from $5 at Canaccord

Canaccord raised the firm’s price target on Arq (ARQ) to $6 from $5 and keeps a Buy rating on the shares. The firm updated its model following solid Q1 results that reflected continued operating momentum for the core PAC business, although investors are more focused on the company’s strategic optimization review, and will have to wait a few more months until a formal announcement is made.