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Aspen Aerogels price target lowered to $10 from $22 at B. Riley

B. Riley lowered the firm’s price target on Aspen Aerogels (ASPN) to $10 from $22 and keeps a Buy rating on the shares following the Q1 report. The firm cut estimates, noting Aspen guided below expectations. The company is educing fixed costs, with a line of sight to meaningful growth in 2027, the analyst tells investors in a research note.

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