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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100