Cantor Fitzgerald analyst Andres Sheppard initiates coverage on PureCycle Technologies, Inc. (NASDAQ:PCT) with an Overweight rating and a price forecast of $14. According to the analyst, the company enjoys a differentiated technology and first-mover advantage, along with a large total addressable market (TAM) and the ability to scale up. It also benefits from a globally patented purification polypropylene recycling technology developed in partnership with Procter & Gamble Company. This FDA-approved technology employs a unique process that effectively removes odor and color from plastic waste, …
