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ESS Inc. price target lowered to $4.00 from $4.50 at TD Cowen

TD Cowen analyst Thomas Boyes lowered the firm’s price target on ESS Inc. to $4.00 from $4.50 and keeps an Outperform rating on the shares. The analyst continues to model modest revenue for 1Q as the company continues to work through the revenue recognition of older contracts.

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