B. Riley Securities Maintains Buy on Plug Power, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Christopher Souther has maintained a Buy rating on Plug Power (NASDAQ:PLUG) but has reduced the price target from $18 to $8.

January 24, 2024 | 2:44 pm
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NEGATIVE IMPACT
B. Riley Securities maintains a Buy rating on Plug Power but lowers the price target significantly from $18 to $8.
The reduction in the price target by more than 50% could lead to a negative investor sentiment in the short term, potentially causing a decrease in the stock price. However, the maintenance of a Buy rating suggests underlying confidence in the company's fundamentals, which may mitigate the negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100