HC Wainwright & Co. Maintains Buy on Plug Power, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Amit Dayal maintains a 'Buy' rating on Plug Power (NASDAQ:PLUG) but has lowered the price target from $78 to $27.
October 16, 2023 | 10:18 am
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NEUTRAL IMPACT
Despite the lowered price target, HC Wainwright & Co. maintains a 'Buy' rating on Plug Power, indicating continued confidence in the company's potential.
The lowered price target could potentially cause some short-term negative sentiment among investors. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100