LanzaTech Global, Inc. (LNZA) PT Lowered to $2 at TD Cowen

TD Cowen analyst Jason Gabelman lowered the price target on LanzaTech Global, Inc. (NASDAQ: LNZA) to $2.00 (from $3.00) while maintaining a Hold rating.

The analyst commented, "LNZA is expanding its strategy to partnering with capital providers to get projects to FID, a useful shift following limited project sanctions this year. We will watch for partnerships to incubate projects, though partners may need to gain comfort with one project before putting more capital to work. 3Q revenue missed, though 4Q was guided higher, in a continuation of volatile earnings."

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