Piper Sandler raised the firm’s price target on Aspen Aerogels (ASPN) to $36 from $30 to reflect the potential for future customer wins, while keeping an Overweight rating on the shares after scrutinizing problems with short thesis. The firm thinks Aspen skeptics have been focused too heavily on how many EVs are being sold rather than produced by Aspen’s biggest customer, General Motors (GM).
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