B of A Securities Downgrades Bloom Energy to Neutral, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith downgraded Bloom Energy (NYSE:BE) from Buy to Neutral and reduced the price target from $17 to $16.
December 06, 2023 | 3:28 pm
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NEGATIVE IMPACT
Bloom Energy's stock rating was downgraded by B of A Securities from Buy to Neutral, with a price target decrease from $17 to $16.
Downgrades by analysts can lead to a negative perception among investors and potentially cause a short-term decline in the stock price. The reduction in the price target further suggests a tempered expectation of the company's future performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100