BMO Capital Maintains Market Perform on Plug Power, Lowers Price Target to $3.75
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ameet Thakkar has maintained a Market Perform rating on Plug Power (NASDAQ:PLUG) but has reduced the price target from $8 to $3.75.
November 10, 2023 | 8:16 pm
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NEGATIVE IMPACT
BMO Capital has maintained its Market Perform rating on Plug Power but has significantly lowered the price target from $8 to $3.75.
The reduction in price target by BMO Capital is likely to negatively impact investor sentiment towards Plug Power in the short term, as it suggests a lower valuation and potential downside for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100