Jefferies Downgrades Advent Technologies Hldgs to Hold, Lowers Price Target to $0.6
Portfolio Pulse from richadhand@benzinga.com
Jefferies analyst Laurence Alexander has downgraded Advent Technologies Hldgs (NASDAQ:ADN) from Buy to Hold and lowered the price target from $4 to $0.6.

August 17, 2023 | 9:11 am
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Advent Technologies Hldgs has been downgraded from Buy to Hold by Jefferies, with a lowered price target from $4 to $0.6.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for the company. The significant reduction in the price target from $4 to $0.6 suggests that the analyst sees a potential downside for the stock, which could negatively impact its short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100