Oppenheimer Maintains Outperform on Clearway Energy, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Noah Kaye has maintained an Outperform rating on Clearway Energy (NYSE:CWEN) and increased the price target from $33 to $37.
January 19, 2024 | 8:07 pm
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POSITIVE IMPACT
Oppenheimer has reaffirmed Clearway Energy's Outperform rating and raised the price target to $37, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Noah Kaye from Oppenheimer typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price as the market reacts to the positive endorsement.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100