Jefferies upgraded ITM Power to Buy from Hold with an 80 GBp price target. Following a material revamp of the company’s operations, the firm believes ITM is now better positioned for future profitable growth. While the industry is yet to reach its inflection point, Jefferies thinks the U.K.’s Hydrogen Allocation Round could help improve visibility in the short term.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ITMPF:
