Morgan Stanley Maintains Overweight on Bloom Energy, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Byrd has maintained an Overweight rating on Bloom Energy (NYSE:BE) but reduced the price target from $23 to $22.

December 06, 2023 | 1:37 pm
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NEUTRAL IMPACT
Morgan Stanley has maintained an Overweight rating on Bloom Energy but lowered the price target from $23 to $22.
While the reduction in price target could suggest a slightly less bullish outlook, the maintenance of an Overweight rating indicates that Morgan Stanley still sees positive potential in Bloom Energy's stock. The impact is likely to be neutral to slightly negative in the short term as the market digests the mixed signals of a lower price target with a continued positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100