Why Li-Cycle Holdings Stock Jumped Again Today

·2-min read
Why Li-Cycle Holdings Stock Jumped Again Today

For the third time in just over a week, Wall Street analysts are telling investors to buy shares of rechargeable battery recycler Li-Cycle Holdings (NYSE: LICY). Following new ratings from Morgan Stanley last week and Wedbush on Monday, on Thursday, analysts at Swiss bank UBS announced that they have begun covering Li-Cycle Holdings with a buy rating and a $15 price target on the stock. Li-Cycle shares were up 11.7% to around $11.40 as of 1 p.m. EDT.

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