Cantor Fitzgerald Downgrades Hyliion Holdings to Underweight, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Andres Sheppard has downgraded Hyliion Holdings (NYSE:HYLN) from Neutral to Underweight and lowered the price target from $2 to $1.
October 12, 2023 | 11:50 am
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NEGATIVE IMPACT
Hyliion Holdings has been downgraded from Neutral to Underweight by Cantor Fitzgerald, with a lowered price target from $2 to $1.
The downgrade from Neutral to Underweight and the lowering of the price target by Cantor Fitzgerald indicates a negative outlook for Hyliion Holdings. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100