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Benzinga
Benzinga
Business
Akanksha Bakshi

Analysts Cut LiqTech's Price Target After FY21 Results

Robert Brown Nasdaq
  • LiqTech International Inc (NASDAQ:LIQT) price target has been lowered to $9 from $14 by Lake Street analyst Robert Brown.
  • The analyst maintained his Buy rating on LIQT shares.
  • Brown revised his estimates lower as the macro environment delays orders.
  • Meanwhile, he notes business case for marine scrubbers has improved.
  • Related: Why Are LiqTech Shares Trading Lower Today
  • Stephens & Co. analyst Tommy Moll lowered the price target on LiqTech to $3 (an upside of 14%) from $6 while maintaining an Equal-Weight rating on the shares.
  • Price Action: LIQT shares are trading lower by 11.74% at $2.63 on the last check Friday.
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