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Fly News Breaks for August 10, 2017
HDSN, ARG
Aug 10, 2017 | 08:50 EDT
Craig-Hallum analyst Steven Dyer notes that Hudson Technologies (HDSN) delivered "solid" quarterly results and announced a transformative acquisition of Airgas-Refrigerants, a subsidiary of Airgas (ARG). The analyst believes the addition of Airgas will double Hudson Technologies' annual revenue and importantly adds scale, enhances the geographic footprint and customer base, and is expected to be "highly accretive" over time. Given its comparable size and myriad financial and competitive benefits, Dyer believes it could be "a game changer." He reiterates a Buy rating and $10 price target on Hudson Technologies' shares.
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