AMSC price target raised to $23 from $16 at Craig-Hallum

Craig-Hallum raised the firm’s price target on AMSC to $23 from $16 and keeps a Buy rating on the shares. AMSC had a great end to FY23 with an across-the-board beat in Q4 and a guide higher for Q1, with positive trends and accelerating momentum across AMSC’s platform on full display, the analyst tells investors in a research note. The Q1 outlook and AMSC’s forward tone shows that this positive momentum is set to continue, the firm says.