Oppenheimer Maintains Outperform on Clearway Energy, Lowers Price Target to $38
Portfolio Pulse from richadhand@benzinga.com
Oppenheimer analyst Noah Kaye maintains an Outperform rating on Clearway Energy (NYSE:CWEN) but has lowered the price target from $40 to $38.
August 09, 2023 | 1:44 pm
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Clearway Energy's price target has been lowered from $40 to $38 by Oppenheimer, though the Outperform rating is maintained.
The news directly pertains to Clearway Energy (CWEN). The lowering of the price target might have a neutral impact on the stock as the Outperform rating is maintained, indicating that the analyst still sees potential upside for the stock. However, the reduced price target might also indicate a slightly less optimistic view on the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100