B. Riley upgraded Hudson Technologies (HDSN) to Buy from Neutral with a price target of $9, up from $7.50. The firm’s recent refrigerant pricing channel checks indicate that hydrofluorocarbons prices “may be starting to thaw with the onset of peak cooling season.” Hudson’s leadership position, “strong” balance sheet, and normalized inventory levels position it well for upside if recent HFC momentum holds, the analyst tells investors in a research note.
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