Wells Fargo Maintains Equal-Weight on Plug Power, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum has maintained an Equal-Weight rating on Plug Power (NASDAQ:PLUG) but has reduced the price target from $7 to $4.
November 14, 2023 | 1:26 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Wells Fargo analyst Michael Blum maintains an Equal-Weight rating on Plug Power but lowers the price target from $7 to $4.
The reduction in price target by Wells Fargo is likely to negatively impact investor sentiment towards Plug Power in the short term, as it suggests a lower valuation of the company than previously estimated.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100