B. Riley Securities Maintains Buy on Piedmont Lithium, Lowers Price Target to $95
Portfolio Pulse from jenniferd'souza@benzinga.com
B. Riley Securities analyst Matt Koranda maintains a 'Buy' rating on Piedmont Lithium (NASDAQ:PLL) but lowers the price target from $105 to $95.
August 10, 2023 | 12:53 pm
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NEUTRAL IMPACT
Piedmont Lithium's price target has been lowered from $105 to $95 by B. Riley Securities, though the 'Buy' rating is maintained.
The lowering of the price target by B. Riley Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintenance of the 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could counterbalance the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100