B. Riley Securities Maintains Buy on 5E Advanced Materials, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Matthew Keating maintains a 'Buy' rating on 5E Advanced Materials (NASDAQ:FEAM), but has lowered the price target from $10 to $5.
September 05, 2023 | 11:59 am
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5E Advanced Materials' price target has been lowered from $10 to $5 by B. Riley Securities, though the 'Buy' rating is maintained.
The lowering of the price target for 5E Advanced Materials by B. Riley Securities could lead to a negative sentiment among investors, potentially causing a short-term drop in the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100