HC Wainwright & Co. Maintains Buy on American Res, Lowers Price Target to $3.25
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Heiko Ihle has maintained a Buy rating on American Resources Corporation (AREC) but has lowered the price target from $3.50 to $3.25.

November 16, 2023 | 12:07 pm
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NEUTRAL IMPACT
HC Wainwright & Co. reaffirmed a Buy rating on American Resources Corporation but reduced the price target from $3.50 to $3.25.
The maintenance of a Buy rating suggests a positive outlook on the stock, indicating potential growth or a bullish sentiment. However, the reduction in the price target could signal a tempered expectation of the stock's growth potential in the short term. This mixed signal may lead to a neutral short-term impact on the stock price as investors digest both the reaffirmation of the Buy rating and the lower price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100