JP Morgan Upgrades Bloom Energy to Overweight, Lowers Price Target to $20
Portfolio Pulse from richadhand@benzinga.com
JP Morgan analyst Mark Strouse upgrades Bloom Energy (NYSE:BE) from Neutral to Overweight and lowers the price target from $22 to $20.
May 19, 2023 | 9:36 am
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POSITIVE IMPACT
Bloom Energy (NYSE:BE) has been upgraded to Overweight by JP Morgan analyst Mark Strouse, with a lowered price target of $20.
The upgrade to Overweight by JP Morgan analyst Mark Strouse indicates a positive outlook for Bloom Energy's stock. However, the lowered price target from $22 to $20 suggests a more conservative valuation. This news is likely to have a positive short-term impact on the stock price, as investors may see the upgrade as a sign of confidence in the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100