Hudson Technologies Maintained With A Buy At Roth Capital


In a research note released this morning, Roth Capital analyst Philip Shen maintained a Buy rating on shares of Hudson Technologies Inc. (HDSN) and a price target of $6, representing a potential upside of 109% from where the stock is currently trading.

Shen commented: “Although the 2014 cooling season is in full swing, the demand ramp-up was slower-than-expected, resulting in relatively flat R-22 pricing (~$6-7/lb) since our last round of checks in April. We believe R-22 inventory levels remain high, which may serve as downside pressure to R-22 pricing in 2014. As a result, we are decreasing our 2014 estimates as we wait for additional color on the EPA final rule”.

The analyst continued,  “The stock is down ~22% YTD. Although R-22 pricing has not moved much, we continue to see the EPA final rule as a positive catalyst ahead, and, as a result, reiterate our Buy”.

According to TipRanks, which measures analysts and bloggers success rate based on how their calls perform, analyst Philip Shen currently has an average return of -0.6% and a 28% success rate. Shen has a -20.3% average profit recommending HDSN, and he is ranked #2558 out of 3133 analysts.

HDSN Chart

 

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