Northland Capital Markets Downgrades Hyliion Holdings to Market Perform, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets has downgraded Hyliion Holdings (NYSE:HYLN) from Outperform to Market Perform and lowered the price target from $2.8 to $1.5. The downgrade was announced by analyst Donovan Schafer.
October 12, 2023 | 5:48 pm
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Hyliion Holdings has been downgraded by Northland Capital Markets from Outperform to Market Perform, with a lowered price target from $2.8 to $1.5.
The downgrade from Outperform to Market Perform by Northland Capital Markets, along with a lowered price target, indicates a less optimistic outlook for Hyliion Holdings. This could potentially lead to a decrease in the stock's price in the short term.
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RELEVANCE 100