Raymond James Maintains Outperform on Ameresco, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov has maintained an 'Outperform' rating on Ameresco (NYSE:AMRC), but lowered the price target from $65 to $55.
October 03, 2023 | 4:55 pm
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Ameresco's price target has been lowered from $65 to $55 by Raymond James, though the 'Outperform' rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Outperform' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100