Lake Street Initiates Coverage On Pioneer Power Solutions with Buy Rating, Announces Price Target of $12
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Robert Brown has initiated coverage on Pioneer Power Solutions (NASDAQ:PPSI) with a Buy rating and set a price target of $12.
December 19, 2023 | 4:40 pm
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Pioneer Power Solutions received a Buy rating from Lake Street analyst Robert Brown, with a price target of $12, which could positively influence the stock's performance.
Analyst ratings, especially initiations of coverage with a Buy rating, can have a significant positive impact on a stock's short-term performance. The setting of a price target above the current market price suggests an expectation of the stock's upward movement, which can lead to increased investor interest and buying pressure.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100