Aqua Metals price target raised to $3 from $1 at Benchmark

Benchmark raised the firm’s price target on Aqua Metals (AQMS) to $3 from $1 and keeps a Speculative Buy rating on the shares. The company underwent a 1-for-20 reverse split in November and the stock has since settled around the $2.00 price level, notes the analyst. The firm believes production delays and a challenging macro environment have impacted the stock, but views today’s stock price as not reflecting the long-term viability and IP valuation, alongside current asset values on the balance sheet, the analyst tells investors.