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BofA upgrades Everpure (P) to Buy from Neutral, raises price target to $150 from $90
BofA Research analysts cited accelerating hyperscaler demand and a widening addressable market for the upgrade. Everpure reported a 38% year-over-year revenue increase to $1.19 billion and a 77% jump in non-GAAP operating profit to $230 million. Shares of Everpure closed up 5.92% to $108.90 on Thursday.
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