DA Davidson Maintains Buy on Allego, Lowers Price Target to $7.5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Matt Summerville maintains a Buy rating on Allego (NYSE:ALLG) but lowers the price target from $10 to $7.5.
May 24, 2023 | 12:16 pm
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DA Davidson maintains a Buy rating on Allego (NYSE:ALLG) but lowers the price target from $10 to $7.5.
The news of DA Davidson maintaining a Buy rating on Allego indicates a positive outlook for the company. However, the lowering of the price target from $10 to $7.5 may create uncertainty among investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100