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PureCycle Technologies price target lowered to $6 from $8 at TD Cowen

TD Cowen analyst Thomas Boyes lowered the firm’s price target on PureCycle Technologies to $6 from $8 and keeps an Outperform rating on the shares. The firm noted the Ironton was shutdown last week due to two mechanical issues one being a seal failure and as a result, PureCycle will not achieve its 50% utilization milestone by the Dec 31st deadline.

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