Credit Suisse Downgrades ReNew Energy Glb to Neutral, Lowers Price Target to $13
Portfolio Pulse from richadhand@benzinga.com
Credit Suisse analyst Andrew Kuske has downgraded ReNew Energy Global (NASDAQ:RNW) from Outperform to Neutral and lowered the price target from $14.5 to $13.

July 12, 2023 | 12:10 pm
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ReNew Energy Global's rating has been downgraded by Credit Suisse from Outperform to Neutral, with a reduced price target of $13.
The downgrade from Outperform to Neutral by Credit Suisse indicates a less optimistic outlook for the company. The lowering of the price target from $14.5 to $13 also suggests that the analyst believes the stock may not perform as well as previously expected. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100