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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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