Raymond James Maintains Outperform on Bloom Energy, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov maintains an Outperform rating on Bloom Energy (NYSE:BE) but lowers the price target from $25 to $20.
October 03, 2023 | 4:58 pm
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Bloom Energy's price target has been lowered from $25 to $20 by Raymond James, though the Outperform rating is maintained.
While the Outperform rating suggests that the analyst expects Bloom Energy to outperform the market, the lowering of the price target could indicate a potential decrease in the stock's value. However, the impact on the stock's price in the short term is uncertain as the Outperform rating is still maintained.
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IMPORTANCE 70
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