Neo Performance Materials Inc T.NEO

Slow & steady

[Canoutchie]

Today's Globe & Mail, Thursday Analyst Upgrades and Downgrades, Raymond James raised the rating for Neo Performance Materials from "market perform" to "outperform", raising the target price from $12 to $18. The rationale was Neo's leverage to improving fundamentals for EV's, clean energy, reduction of greenhouse gases, and other clean-tech initiatives that rely on goods produced by Neo.

Essentially, analysts are now starting to provide upgrades based on fundamentals that saw many of us buying shares around $12. Based on the enormous run-up in some other clean-tech stocks, I'm hoping that Neo can play a little bit of catch-up in terms of its own stockprice performance. We shall see. GLTA

[Possibleidiot01]

Neo Performance Materials upgraded to Outperform from Market Perform at Raymond James Raymond James analyst Frederic Bastien upgraded Neo Performance Materials to Outperform from Market Perform with a price target of C$18, up from C$12, after a management presentation to the firm's institutional sales team suggested the company's end-markets are improving at a faster pace than earlier