Aspen Aerogels price target lowered to $30 from $45 at H.C. Wainwright

H.C. Wainwright analyst Amit Dayal lowered the firm’s price target on Aspen Aerogels to $30 from $45 and keeps a Buy rating on the shares. Based on the commentary provided during the Q2 earnings call, the firm is taking a more conservative stance on the ramp for the company’s electric vehicle thermal barrier offering with its key customer General Motors.