Ormat Technologies (ORA) PT Raised to $87 at Citi

Citi analyst Ryan Levine raised the price target on Ormat Technologies (NYSE: ORA) to $87.00 (from $77.00) while maintaining a Neutral rating.

The analyst comments "Ormat raised EBITDA guidance to high end, removed overhang from SEC investigation, signaled a capex increase from drilling progress, secured multiple BLM land sites, and continued to derisk overseas exposure. We raised PT to $87 to reflect overhang removal and improved l-t outlook."

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