https://www.nasdaq.com/articles/wall-street-roundup%3A-bullish-bearish-calls-of-the-day-2021-04-20 Morgan Stanley analyst
Carlos De Alba upgraded Largo Resources (
LGO) to Buy from Hold and increased the price target to C$36 from C$19.60. According to De Alba, the company’s entry into clean energy through its utility-scale battery business “can be a transformational opportunity for the company”. Though technology related to vanadium redox flow batteries are under-developed, the analyst foresees a rise in use driven by increasing demand for longer-duration systems. Furthermore, the analyst forecasts “VRFBs” demand to increase by 25%-30% per year till 2030.
Largo Resources scores a "Perfect 10" from TipRanks’
Smart Score rating system, indicating that the stock has strong potential to outperform market expectations.
