Li-Cycle (NYSE:LICY) Earns Overweight Rating from Analysts at Morgan Stanley

Morgan Stanley initiated coverage on shares of Li-Cycle (NYSE:LICY) in a research report report published on Monday, The Fly reports. The firm issued an overweight rating on the stock.

Several other equities analysts have also weighed in on the stock. Robert W. Baird began coverage on shares of Li-Cycle in a research report on Monday, August 23rd. They set a neutral rating and a $11.00 price objective for the company. Cowen began coverage on shares of Li-Cycle in a report on Monday, August 23rd. They issued an outperform rating and a $15.00 target price for the company. Finally, BMO Capital Markets began coverage on shares of Li-Cycle in a report on Thursday, September 9th. They issued an outperform rating and a $13.00 target price for the company.

Shares of LICY opened at $8.09 on Monday. Li-Cycle has a 52-week low of $7.69 and a 52-week high of $15.74.

Li-Cycle (NYSE:LICY) last posted its quarterly earnings data on Wednesday, September 8th. The company reported ($2.88) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($2.42) by ($0.46). As a group, sell-side analysts forecast that Li-Cycle will post -0.55 EPS for the current fiscal year.

Li-Cycle Company Profile

Peridot Acquisition Corp. is a blank check company. It formed for the purpose of merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Peridot Acquisition Corp. is based in Houston, Texas.

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