Raymond James Maintains Outperform on Energy Recovery, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov maintains an Outperform rating on Energy Recovery (NASDAQ:ERII) but lowers the price target from $30 to $20.
November 02, 2023 | 4:16 pm
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Raymond James maintains an Outperform rating on Energy Recovery but lowers the price target from $30 to $20.
The news is directly about Energy Recovery (ERII). While the Outperform rating is maintained, the lowering of the price target from $30 to $20 might indicate a less optimistic outlook for the company's stock in the short term. However, the impact on the stock price is uncertain as the Outperform rating suggests that the analyst still expects the stock to do better than the market average.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100