B of A Securities Maintains Buy on ReNew Energy Glb, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith maintains a Buy rating on ReNew Energy Global (NASDAQ:RNW) but lowers the price target from $7 to $6.
June 02, 2023 | 11:40 am
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NEUTRAL IMPACT
ReNew Energy Global's price target has been lowered from $7 to $6 by B of A Securities, but the Buy rating is maintained.
The news directly mentions ReNew Energy Global (RNW) and its lowered price target. However, the Buy rating is maintained, indicating that the analyst still has a positive outlook on the stock. This may result in a neutral short-term impact on the stock price, as the lowered price target could be seen as a negative signal, but the maintained Buy rating could be seen as a positive signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100