Morgan Stanley upgraded ITM Power (ITMPF) to Overweight from Equal Weight with a price target of 170 GBp, up from 60 GBp. The firm sees catalysts for the shares as the company transitions to profitability.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ITMPF:
- ITM Power Executives Increase Holdings Through Monthly Share Incentive Plan
- ITM Power Seeks Block Listing to Cover Long-Term Incentive Share Awards
- ITM Power Grants LTIP Awards and One-Off CEO Share Option to Cement Turnaround
- ITM Power joins Rheinmetall in defence-focused synthetic fuel push
- ITM Power price target raised to 110 GBp from 100 GBp at Berenberg