H.C. Wainwright upgraded LM Funding (LMFA) to Buy from Neutral with a $5 price target following the Q2 report. The company has increased operating control, capacity growth, and margin leverage now in place, the analyst tells investors in a research note. The firm believes LM’s scaling path is now visible with Oklahoma’s 2MW immersion expansion on track to ramp later this year.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LMFA: