Hudson Technologies upgraded to Buy from Hold at Canaccord

Canaccord upgraded Hudson Technologies (HDSN) to Buy from Hold with a price target of $10.50, up from $6.75. The “script was flipped” in Q2 relative to previous quarters as volumes came in light, but favorable pricing drove margin expansion, the analyst tells investors. The firm now expects tariffs and other restrictions on China and Mexico, combined with more restricted supply of HFCs, to be favorable to pricing, the analyst added.