Piper Sandler Maintains Underweight on Plug Power, Raises Price Target to $2.8
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kashy Harrison has maintained an Underweight rating on Plug Power (NASDAQ:PLUG) but increased the price target from $2.3 to $2.8.

January 24, 2024 | 3:01 pm
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Piper Sandler has maintained an Underweight rating on Plug Power, indicating a bearish outlook, but raised the price target from $2.3 to $2.8, suggesting a slightly more positive view.
The Underweight rating suggests that Piper Sandler believes PLUG's stock may underperform the market or its sector. However, the increase in the price target could imply that the analyst sees some factors that may limit the downside or potentially offer a slightly better outlook than previously assessed. The short-term impact is likely negative due to the Underweight rating, but the raised target price may mitigate some of the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100