Westwater Resources price target lowered to $2 from $2.50 at H.C. Wainwright

H.C. Wainwright lowered the firm’s price target on Westwater Resources (WWR) to $2 from $2.50 and keeps a Buy rating on the shares after the Department of Commerce announced its preliminary affirmative determination in the countervailing duty investigation of active anode material from China. The firm says Westwater is positioned to benefit as the preliminary ruling promotes domestic graphite.