Nouveau Monde price target raised to $7.50 from $2.75 at H.C. Wainwright

H.C. Wainwright analyst Heiko Ihle raised the firm’s price target on Nouveau Monde (NMG) to $7.50 from $2.75 and keeps a Buy rating on the shares. The firm says graphite demand continues on an upward trajectory. Nouveau is a potential benefactor of geopolitical factors and the company has already received potential interest for over $1B in debt financing, the analyst tells investors in a research note.