Craig-Hallum raised the firm’s price target on AMSC to $23 from $16 and keeps a Buy rating on the shares. AMSC had a great end to FY23 with an across-the-board beat in Q4 and a guide higher for Q1, with positive trends and accelerating momentum across AMSC’s platform on full display, the analyst tells investors in a research note. The Q1 outlook and AMSC’s forward tone shows that this positive momentum is set to continue, the firm says.
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