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Fly News Breaks for January 30, 2019
HYGS
Jan 30, 2019 | 06:07 EDT
Roth Capital analyst Craig Irwin downgraded Hydrogenics to Neutral citing valuation. The stock at current levels appropriately discounts upcoming catalysts, Irwin tells investors in a research note. The analyst prefers to move to the sidelines following the stock's "healthy appreciation" since the announcement of the Air Liquide partnership, but he remains positive on Hydrogenics' long-term outlook. His $7 price target reflects expectations for continued revenue slowness with Chinese customers.
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