B. Riley Securities Downgrades Eos Energy Enterprises to Neutral, Raises Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Christopher Souther has downgraded Eos Energy Enterprises (NASDAQ:EOSE) from Buy to Neutral, while raising the price target from $3 to $4.
June 30, 2023 | 4:53 pm
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NEUTRAL IMPACT
Eos Energy Enterprises has been downgraded to Neutral from Buy by B. Riley Securities, but the price target has been raised from $3 to $4.
The downgrade from Buy to Neutral suggests that the analyst sees limited upside potential for Eos Energy Enterprises in the near term. However, the increase in price target from $3 to $4 indicates that the analyst still sees some potential for the stock's price to increase, albeit at a slower pace. This could lead to a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100