Morgan Stanley Maintains Overweight on Bloom Energy, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on Bloom Energy (NYSE:BE) but lowered the price target from $29 to $23.

October 17, 2023 | 2:05 pm
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Bloom Energy's price target has been lowered from $29 to $23 by Morgan Stanley, though the Overweight rating is maintained.
The lowering of the price target by Morgan Stanley could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained Overweight rating indicates that the analyst still sees upside potential in the stock, which could counterbalance the negative impact.
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