Daiwa Capital Downgrades Daqo New Energy to Neutral, Announces $32 Price Target
Portfolio Pulse from Benzinga Newsdesk
Daiwa Capital analyst Dennis Ip has downgraded Daqo New Energy (NYSE:DQ) from Outperform to Neutral and set a price target of $32.
September 19, 2023 | 9:44 am
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Daqo New Energy's rating has been downgraded by Daiwa Capital from Outperform to Neutral, with a new price target of $32.
The downgrade from Outperform to Neutral by Daiwa Capital indicates a less optimistic outlook for Daqo New Energy. This could potentially lead to a decrease in the stock's price in the short term. The new price target of $32 also provides a benchmark for investors.
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