Stifel Maintains Buy on Anaergia, Lowers Price Target to C$0.6
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Derrick Whitfield has maintained a Buy rating on Anaergia, but has reduced the price target from C$1 to C$0.6.
December 19, 2023 | 3:23 pm
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Stifel maintains a Buy rating on Anaergia but lowers the price target from C$1 to C$0.6, indicating a potential downside according to the analyst's view.
The reduction in price target by Stifel suggests that the analyst sees less upside potential for Anaergia's stock, which could lead to a negative short-term impact on the stock price. However, the maintenance of a Buy rating indicates the analyst's overall positive outlook on the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100