Morgan Stanley Maintains Overweight on Bloom Energy, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on Bloom Energy (NYSE:BE) but lowered the price target from $30 to $29.
August 31, 2023 | 12:49 pm
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Bloom Energy's price target has been lowered from $30 to $29 by Morgan Stanley, though the Overweight rating is maintained.
The news of a lowered price target could potentially have a negative impact on investor sentiment, leading to a short-term decrease in stock price. However, the maintained Overweight rating indicates that the analyst still sees potential for the stock to outperform, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100