Roth MKM Downgrades Plug Power to Neutral, Lowers Price Target to $7.5
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Craig Irwin has downgraded Plug Power (NASDAQ:PLUG) from Buy to Neutral and lowered the price target from $13 to $7.5.
August 10, 2023 | 12:35 pm
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Plug Power has been downgraded from Buy to Neutral by Roth MKM, with a lowered price target from $13 to $7.5.
The downgrade from Buy to Neutral by Roth MKM indicates a less optimistic outlook for Plug Power. The lowered price target from $13 to $7.5 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100