HDSN (12.10) - Canaccord initiates coverage at "BUY" with $15 price target -
fly -
Canaccord starts Hudson Technologies at Buy, sees shares undervalued
Canaccord initiated coverage of Hudson Technologies with a Buy rating and $15 price target. Hudson is the largest U.S. reclaimer and reseller of refrigerants, of which 80% of the installed base today utilizes canisters of hydrofluorocarbons, the analyst tells investors in a research note. The firm says Hudson holds 35% market share in a "heavily fragmented" refrigerant gas reclamation market with more than 30 smaller reclaimers. It believes the stock is undervalued relative to chemical producers and similar recycling businesses.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.