Roth MKM Downgrades Dragonfly Energy Hldgs to Neutral, Announces $0.7 Price Target
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Craig Irwin downgraded Dragonfly Energy Holdings (DFLI) from Buy to Neutral and set a price target of $0.7.
November 14, 2023 | 3:48 pm
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NEGATIVE IMPACT
Dragonfly Energy Holdings was downgraded by Roth MKM from Buy to Neutral with a price target of $0.7.
Analyst downgrades typically lead to negative sentiment among investors, potentially causing a short-term decline in the stock price. The new price target of $0.7 suggests a lower expected future price, which could further contribute to downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100