Hudson Technologies price target lowered to $6.25 from $8 at Canaccord

Canaccord lowered the firm’s price target on Hudson Technologies (HDSN) to $6.25 from $8 and keeps a Hold rating on the shares. The firm noted its Q4 earnings results were its first loss since Q1 2021 and management did not issue formal guidance for FY25, but did provide color around the expected business performance and market environment in the year to come. Although they are cautious in the near term, they remain confident that the prolonged phasedown of HFC refrigerants represents a massive opportunity for Hudson’s reclamation business.