Cantor Fitzgerald analyst Andres Sheppard lowered the firm’s price target on PureCycle Technologies to $14 from $16 and keeps an Overweight rating on the shares. Cantor remains bullish on PureCycle Technologies (PCT) over the long-term, and continues to believe the company benefits from a patented and exclusive technology through Procter & Gamble (PG), first-mover advantage in a market with a large total addressable market, the analyst tells investors in a research note.
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 PCT:
- PureCycle Extends Warrants and Appoints New Chief Financial Officer
- PureCycle Technologies, TOPPAN establish partnership
- Largest borrow rate increases among liquid names
- PureCycle Technologies management to meet with Roth Capital
- PureCycle Technologies call volume above normal and directionally bullish