Cautious Hold on PureCycle Technologies Amid Delayed Growth and Order Materialization
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Wall Street analyst James Schumm from TD Cowen downgraded PureCycle Technologies to a Hold with a $9.00 price target due to delayed order materialization and postponed growth. Despite potential in polypropylene circularity, Schumm awaits profitability and substantial new orders. Recent financial performance, including a negative adjusted EBITDA and below-expectation revenue, supports the Hold rating. Regulatory and market dynamics contribute to delays. Schumm has an average return of -0.9% and a 35.48% success rate.
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