Truist Securities Maintains Hold on Plug Power, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a Hold rating on Plug Power (NASDAQ:PLUG) but has reduced the price target from $8 to $6.
November 10, 2023 | 2:45 pm
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NEGATIVE IMPACT
Truist Securities analyst Jordan Levy maintains a Hold rating on Plug Power and lowers the price target from $8 to $6.
The reduction in price target by Truist Securities could lead to a negative sentiment among investors, potentially causing a short-term decline in PLUG's stock price. The Hold rating suggests no significant change in the company's outlook, but the lowered price target indicates a less optimistic view on the stock's valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100