RBC Capital Downgrades Plug Power to Sector Perform, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos has downgraded Plug Power (NASDAQ:PLUG) from Outperform to Sector Perform and lowered the price target from $12 to $5.
November 10, 2023 | 11:10 am
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Plug Power's rating has been downgraded by RBC Capital, with a lowered price target. This could potentially impact the stock's performance.
The downgrade from Outperform to Sector Perform by RBC Capital indicates a less optimistic outlook for Plug Power. Additionally, the significant reduction in price target from $12 to $5 suggests that the analyst believes the stock is overvalued at its current price. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100