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Fly News Breaks for November 12, 2018
AMSC
Nov 12, 2018 | 09:08 EDT
Roth Capital analyst Philip Shen raised his price target for AMSC to $15 from $10 after the company delivered a "healthy" Q2/light Q3 guide. The analyst believes the "real story" is the shift management has made to commercializing its HTS technology. SPS and REG are real, and there is true commercial demand, he contends, adding that he expects each of these opportunities to drive meaningful, recurring business ahead. Shen reiterates a Buy rating on the shares.
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