Plug Power shares are trading lower after Truist Securities maintained a Hold rating on the stock but lowered its price target from $9 to $8.
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Hold rating on Plug Power's stock but reduced its price target from $9 to $8. This has resulted in Plug Power shares trading lower.
October 02, 2023 | 5:00 pm
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Plug Power's stock is trading lower due to Truist Securities maintaining a Hold rating and reducing the price target from $9 to $8.
The reduction in price target by Truist Securities indicates a less optimistic outlook for Plug Power, which has led to a decrease in the stock's price. The Hold rating suggests that the stock is expected to perform at the same level or lower in the near term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100