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Key Points We’re updating our model for the recent capital raise, to include both the common share and mandatory convertible preferred stock offerings. The capital raise, which we estimate lowered net debt...
Key Points We’re reiterating our Overweight rating for HWM post last week’s 3Q earnings call and we’re raising our forecast and target price. Our target price rises USD22 to USD132 as we’ve...
Key Points Risk/return still not that attractive. Medium-term debt payments could present an issue AC segment may witness margin compression in 2025 resulting in earnings headwinds – something not fully appreciated by...
Key Points Q3’24 EBITDA beat driven by improved spreads Higher q-o-q earnings witnessed across all regions We rate Braskem shares Overweight, with a 12-month target price of BRL25 per share Summary Braskem announced Q3'24 earnings...
Key Points Ironton facility continues to hit key production milestones Multiple customer trials in progress We rate PCT shares Overweight, with a USD16 per share 12-month target price Summary PureCycle Technologies (PCT) provided a Q3’24...