Deutsche Bank Downgrades Sunnova Energy Intl to Hold, Lowers Price Target to $12.5
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Corinne Blanchard has downgraded Sunnova Energy Intl (NYSE:NOVA) from Buy to Hold and lowered the price target from $23 to $12.5.
October 20, 2023 | 9:15 am
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NEGATIVE IMPACT
Sunnova Energy Intl has been downgraded from Buy to Hold by Deutsche Bank, with a lowered price target from $23 to $12.5.
The downgrade from Buy to Hold by Deutsche Bank indicates a less optimistic outlook for Sunnova Energy Intl. The significant reduction in the price target from $23 to $12.5 also suggests that the bank expects the stock's value to decrease in the short term. This could negatively impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100