Morgan Stanley Maintains Equal-Weight on Plug Power, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Percoco has maintained an Equal-Weight rating on Plug Power (NASDAQ:PLUG) but has reduced the price target from $9 to $3.5.
November 13, 2023 | 1:46 pm
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Morgan Stanley analyst Andrew Percoco maintains an Equal-Weight rating on Plug Power but lowers the price target from $9 to $3.5.
The reduction in price target by a significant margin from $9 to $3.5 by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
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