JP Morgan Starts Energy Conversion (ENER) at Overweight

JP Morgan initiates coverage on Energy Conversion Devices, Inc. (Nasdaq: ENER) with an Overweight rating and $28.50 price target.

The firm's price target represents nearly 100% upside from yesteray's $14.32 close.

Energy Conversion Devices, Inc. commercializes materials, products, and production processes for the alternative energy generation, energy storage, and information technology markets.

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