Truist Securities Maintains Hold on Plug Power, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a Hold rating on Plug Power (NASDAQ:PLUG) but reduced the price target from $6 to $3.
January 23, 2024 | 5:05 pm
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Truist Securities analyst Jordan Levy maintains a Hold rating on Plug Power but cuts the price target from $6 to $3.
The reduction in price target by Truist Securities is a bearish signal, suggesting that the analyst sees less upside potential for Plug Power's stock. This could lead to negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100