Raymond James Maintains Strong Buy on Enviva, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov maintains a Strong Buy rating on Enviva (NYSE:EVA) but has lowered the price target from $20 to $5.

November 10, 2023 | 1:25 pm
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NEUTRAL IMPACT
Raymond James maintains a Strong Buy rating on Enviva but has lowered the price target from $20 to $5.
The news is directly related to Enviva and is likely to impact its stock price. While the Strong Buy rating is positive, the significant reduction in price target could create uncertainty among investors, potentially leading to short-term volatility in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100