JANCO Upgrades American Superconductor (AMSC) to Buy
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JANCO upgrades American Superconductor Corporation (Nasdaq: AMSC) from Accumulate to Buy with a $38 price target. The firm said, "We believe that market's overreaction to the Company's earnings result has created an attractive entry point and a solid profit potential relative to our price target."
AMSC sank 14% yesterday following disappointing results and lower EPS guidance.
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