Freedom Broker upgrades Power Solutions International to Buy, raising its price target by $10 following strong Q2 adjusted earnings.
Power Solutions International (PSIX) surged 6.6% in Monday trading after Freedom Broker upgraded the stock to Buy from Hold. The firm raised its price target to $70 from $60, citing robust Q2 adjusted earnings.
The upgrade follows a strong quarterly performance, though prior consensus and comparable period data were not disclosed. The new target reflects a 16.7% upside from the previous $60 estimate.
Shares responded immediately to the broker’s revised outlook, extending gains in early trading.