B. Riley Securities Maintains Buy on Ameresco, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Christopher Souther maintains a Buy rating on Ameresco (AMRC) but lowers the price target from $46 to $40.
February 05, 2024 | 8:25 pm
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NEUTRAL IMPACT
B. Riley Securities maintains a Buy rating on Ameresco but lowers the price target from $46 to $40.
While the maintenance of a Buy rating suggests continued confidence in Ameresco's fundamentals and growth prospects, the reduction in the price target could reflect adjustments in valuation metrics or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing minor fluctuations in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100