UBS Downgrades Brookfield Renewable to Neutral, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
UBS analyst William Grippin downgraded Brookfield Renewable (NYSE:BEP) from Buy to Neutral and reduced the price target from $34 to $25.

November 17, 2023 | 3:38 pm
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UBS downgraded Brookfield Renewable to Neutral and lowered its price target to $25, indicating a less optimistic outlook on the stock.
Analyst downgrades typically lead to a negative short-term reaction in the stock market as they suggest a less favorable outlook for the company's future performance. The reduction in the price target further implies that the analyst sees limited upside potential or increased risk factors that could affect the stock's valuation.
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IMPORTANCE 85
RELEVANCE 100