HC Wainwright & Co. Maintains Buy on Nouveau Monde Graphite, Lowers Price Target to $9
Portfolio Pulse from richadhand@benzinga.com
HC Wainwright & Co. analyst Heiko Ihle maintains a Buy rating on Nouveau Monde Graphite (NYSE:NMG) but lowers the price target from $17 to $9.
May 19, 2023 | 10:25 am
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HC Wainwright & Co. maintains a Buy rating on Nouveau Monde Graphite (NYSE:NMG) but lowers the price target from $17 to $9.
The news of HC Wainwright maintaining a Buy rating on Nouveau Monde Graphite is positive for the stock. However, the lowering of the price target from $17 to $9 may create uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100