Cantor Fitzgerald Reiterates Overweight Rating on PureCycle Technolgies (PCT)

Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $14.00 price target on PureCycle Technolgies (NASDAQ: PCT).

The analyst commented, "At our conference, we hosted Dustin Olson, CEO of PureCycle Technologies Inc. In our fireside chat, he discussed the company's polypropylene plastic recycling method in its Ironton, Ohio facility, market opportunity for PP recycling, and future planned recycling factories globally. He also provided an overview of how PCT benefits from its partnership with P&G, both from its recycling technology and as a customer. Finally, PCT provided an overview of how it utilizes compounding to provide a more customized product to the end- customer. We remain bullish on PCT over the long term, and we continue to believe the company benefits from a patented and exclusive technology through Procter & Gamble (PG, NC), first-mover advantage in a market with a large TAM, plus an ability to scale up."

For an analyst ratings summary and ratings history on PureCycle Technolgies click here. For more ratings news on PureCycle Technolgies click here.

Shares of PureCycle Technolgies closed at $7.77 yesterday.

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