Stifel Maintains Buy Rating for Gevo: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Stifel has maintained its Buy rating for Gevo (NASDAQ:GEVO) and increased its price target from $3.00 to $3.40. This new target represents a 136.11% increase from the current share price. Despite this, Gevo's shares have been trading down 1.37% over the last 24 hours.
August 22, 2023 | 5:00 pm
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Stifel has maintained its Buy rating for Gevo and raised its price target, indicating a positive outlook for the company.
The maintained Buy rating and increased price target by Stifel indicates a positive outlook for Gevo. This could potentially attract investors, leading to an increase in the stock price. However, the recent trading down of Gevo's shares suggests market factors may also play a role in the short-term performance of the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100