Johnson Rice Downgrades Plug Power to Hold, Announces $6 Price Target
Portfolio Pulse from Benzinga Newsdesk
Johnson Rice analyst Martin Malloy has downgraded Plug Power (NASDAQ:PLUG) from Buy to Hold and set a new price target of $6.
November 14, 2023 | 3:55 pm
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Plug Power downgraded by Johnson Rice from Buy to Hold with a price target of $6, potentially affecting investor sentiment and stock price.
Downgrades by analysts can lead to a negative perception among investors, potentially causing a decrease in stock price. The new price target of $6 suggests a lower expected future value for the stock, which may also contribute to a short-term decline in PLUG's stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100