Oppenheimer Maintains Outperform on Ormat Technologies, Lowers Price Target to $84
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Noah Kaye has maintained an 'Outperform' rating on Ormat Technologies (NYSE:ORA) but lowered the price target from $96 to $84.

October 12, 2023 | 6:12 pm
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NEUTRAL IMPACT
Ormat Technologies' price target has been lowered from $96 to $84 by Oppenheimer, though the 'Outperform' rating is maintained.
The lowering of the price target by Oppenheimer could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintenance of the 'Outperform' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100