Canaccord lowered the firm’s price target on Aspen Aerogels (ASPN) to $15 from $20 and keeps a Buy rating on the shares. The firm said despite gross margin guiding for continued growth in 2025 EVs, Aspen is experiencing some inventory digestion in 1Q25 and as a result Canaccord is modeling a modest recovery off these levels for the rest of 2025.
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