Keybanc Maintains Overweight on Bloom Energy, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Keybanc analyst Sophie Karp has maintained an Overweight rating on Bloom Energy (NYSE:BE) but lowered the price target from $32 to $19.
October 05, 2023 | 11:13 am
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Bloom Energy's price target has been lowered from $32 to $19 by Keybanc, although the Overweight rating is maintained.
The lowering of the price target by Keybanc indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100