Montauk Renewables shares are trading higher after Scotiabank upgraded the stock from Sector Perform to Sector Outperform and announced a $9 price target.
Portfolio Pulse from Benzinga Newsdesk
Montauk Renewables (MNTK) stock is trading higher following an upgrade from Scotiabank, which changed its rating from Sector Perform to Sector Outperform and set a price target of $9.
November 13, 2023 | 4:51 pm
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Montauk Renewables has received a positive analyst rating upgrade from Scotiabank, moving from Sector Perform to Sector Outperform, with a new price target of $9.
Analyst upgrades typically lead to a positive short-term reaction in a stock's price as they suggest a better outlook for the company. The new price target of $9 also indicates a potential upside from the current trading price, which can attract investors.
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