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Fly News Breaks for January 23, 2020
ASPN
Jan 23, 2020 | 08:30 EDT
B. Riley FBR analyst Thomas Curran last night initiated coverage of Aspen Aerogels with a Buy rating and $13 price target. Recovery in insulation demand among Aspen's energy customers is "now firing on all cylinders," Curran tells investors in a research note. The analyst thinks Q3 "kicked off a dramatic ramp" in the company's quarterly EBITDA that should run into 2021.
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