AMSC price target raised to $14 from $12 at Craig-Hallum

Craig-Hallum raised the firm’s price target on AMSC to $14 from $12 and keeps a Buy rating on the shares. The firm says that a tailwind from 3MW Inox ECS order in Wind now adds to the positive grid momentum long underway. Craig-Hallum believes AMSC shares are set up well ahead of Q3 results likely reported in early-February and its typical aggregated order announcement given a few weeks prior.