Hudson Technologies price target lowered to $10 from $10.50 at Canaccord

Canaccord lowered the firm’s price target on Hudson Technologies (HDSN) to $10 from $10.50 and keeps a Buy rating on the shares. The firm said the top-line results beat expectations as revenue growth was driven by higher average pricing for refrigerants sold coupled with increased sales volumes (drove 18% of growth). Better volumes were partially due to typical Q2 business moving to the right following a historically slow start to Hudson’s nine-month selling season, resulting from cooler temperatures.