HC Wainwright & Co. Maintains Buy on Orion Energy Sys, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Amit Dayal maintains a Buy rating on Orion Energy Sys (NASDAQ:OESX) but lowers the price target from $7 to $3.

February 08, 2024 | 11:50 am
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NEGATIVE IMPACT
Orion Energy Sys's Buy rating is maintained by HC Wainwright & Co., but the price target is reduced from $7 to $3.
The reduction in price target from $7 to $3 by a reputable analyst firm like HC Wainwright & Co. could lead to negative investor sentiment in the short term, potentially causing a decrease in Orion Energy Sys's stock price. The maintenance of a Buy rating indicates underlying confidence in the company's fundamentals, but the significant cut in the price target is likely to have a more immediate impact on stock price movements.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100