Alliance Global Partners Maintains Buy on Electra Battery Materials, Lowers Price Target to $2.25
Portfolio Pulse from Benzinga Newsdesk
Alliance Global Partners analyst Jake Sekelsky has maintained a 'Buy' rating on Electra Battery Materials (NASDAQ:ELBM), but lowered the price target from $4.5 to $2.25.
August 21, 2023 | 1:32 pm
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Electra Battery Materials' price target has been lowered from $4.5 to $2.25 by Alliance Global Partners, though the 'Buy' rating is maintained.
The lowering of the price target could potentially indicate a less optimistic outlook for the company's stock, which may negatively impact investor sentiment. However, the maintained 'Buy' rating suggests that the analyst still sees potential upside, which could balance out any negative impact.
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