Keybanc Maintains Overweight on Sunnova Energy Intl, Lowers Price Target to $31
Portfolio Pulse from richadhand@benzinga.com
Keybanc analyst Sophie Karp has maintained an Overweight rating on Sunnova Energy Intl (NYSE:NOVA) but lowered the price target from $39 to $31.
August 17, 2023 | 8:29 am
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Sunnova Energy's price target has been lowered by Keybanc from $39 to $31, though the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100