UPDATE: Wedbush Raises Price Target on ADA-ES to $25

According to Wedbush, ADA-ES

price target is raised to $25. Wedbush said that it is reaffirming its positive stance on shares of ADA-ES (

) following the U.S. Environmental Protection Agency's (EPA) issuance of Mercury and Air Toxics Standards (MATS). “With a favorable regulatory environment, the company is positioned to capture additional revenues from the sale of activated carbon equipment in the 1H:12 and, accordingly, we are maintaining our OUTPERFORM rating.” ADA-ES closed yesterday at $22.61.