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Fly News Breaks for November 15, 2018
MNGA
Nov 15, 2018 | 07:05 EDT
H.C. Wainwright analyst Amit Dayal lowered his price target for MagneGas Applied Technology Solutions to $1.50 to reflect the company's share count increase and capitalization restructuring. However, he keeps a Buy rating on the shares, noting he expects MagneGas' revenues to grow from $9.9M in 2018 to approximately $108.9M in 2025, growing at a seven-year annual rate of 40.9%.
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