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Cowen analyst Thomas Boyes initiated PureCycle Technologies Inc (NASDAQ:PCT) with an Outperform rating and a price target of $31, implying an upside of 138.65%. Boyes mentions that PureCycle’s patent-protected polypropylene recycling technology is highly differentiated as it produces near virgin-like plastic resin that can be used in higher-value applications than those made by traditional recyclers, giving them a first-mover advantage in a large and growing market.
...read full article on Benzinga
