RBC Capital Maintains Sector Perform on Plug Power, Lowers Price Target to $3.5
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos has maintained a 'Sector Perform' rating on Plug Power (NASDAQ:PLUG) but reduced the price target from $5 to $3.5.
January 24, 2024 | 4:25 pm
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RBC Capital analyst Chris Dendrinos maintained a 'Sector Perform' rating on Plug Power but lowered the price target from $5 to $3.5.
The reduction in price target by RBC Capital suggests a more cautious outlook on Plug Power's stock, which could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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