Barclays Maintains Overweight on Fluence Energy, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Moses Sutton has maintained an Overweight rating on Fluence Energy (NASDAQ:FLNC) but lowered the price target from $31 to $26.
October 24, 2023 | 1:44 pm
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Barclays has maintained an Overweight rating on Fluence Energy but lowered the price target from $31 to $26.
While the Overweight rating indicates that Barclays expects Fluence Energy to outperform the market, the lowering of the price target could lead to some short-term uncertainty among investors. However, the overall impact is likely to be neutral in the short term as the Overweight rating is still maintained.
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