Credit Suisse Starts Origin Materials (ORGN) at Outperform

Credit Suisse analyst John Roberts initiates coverage on Origin Materials (NASDAQ: ORGN) with a Outperform rating and a price target of $7.00.

The analyst commented, "Origin Is Targeting a 2023 Startup for Its First Commercial Plant to Produce from Sawdust (i.e., Cellulose), a Packaging Plastic and Byproduct Carbon Black: Origin believes it has sufficient funding to make it to free cash flow positive in 2026, although delays or cost overruns could result in a shortfall."

For an analyst ratings summary and ratings history on Origin Materials click here. For more ratings news on Origin Materials click here.

Shares of Origin Materials closed at $5.24 yesterday.

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