UBS Downgrades Plug Power to Neutral, Announces $4.75 Price Target
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Manav Gupta downgrades Plug Power (NASDAQ:PLUG) from Buy to Neutral and sets a new price target of $4.75.
February 06, 2024 | 4:51 pm
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UBS downgraded Plug Power from Buy to Neutral and set a price target of $4.75.
The downgrade from Buy to Neutral by a major analyst like UBS suggests a less optimistic outlook on Plug Power's stock, potentially leading to a short-term negative impact on its price. The announcement of a specific price target provides a benchmark that could influence investor expectations and market sentiment towards the stock.
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