B of A Securities Downgrades FREYR Battery to Underperform, Lowers Price Target to $1.9
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith downgraded FREYR Battery (NYSE:FREY) from Buy to Underperform and significantly reduced the price target from $13 to $1.9.
November 10, 2023 | 4:43 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
FREYR Battery's stock rating was downgraded from Buy to Underperform by B of A Securities, and the price target was lowered from $13 to $1.9.
The downgrade from Buy to Underperform suggests a negative outlook on FREYR Battery's stock by the analyst, which could lead to a decrease in investor confidence and a potential drop in the stock price in the short term. The substantial reduction in the price target further emphasizes the analyst's bearish stance and could influence market sentiment negatively.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100