Hudson Technologies downgraded to Neutral from Buy at B. Riley

B. Riley downgraded Hudson Technologies (HDSN) to Neutral from Buy with a price target of $8.50, down from $10. While it is too early to get much clarity on the upcoming 2025 selling season, it is prudent to reduce growth expectations as hydrofluorocarbon prices have remained under pressure throughout most of this year, the analyst tells investors in a research note. Further, the form says it is hard to anticipate what short-term impact the EPA’s mandate requiring all new 2025 residential and light commercial HVAC systems to use lower-GWP refrigerants could have on hydrofluorocarbon prices.