Raymond James Maintains Outperform on Bloom Energy, Lowers Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov maintains an Outperform rating on Bloom Energy (NYSE:BE) but lowers the price target from $20 to $16.
February 16, 2024 | 3:18 pm
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Raymond James maintains an Outperform rating on Bloom Energy but lowers the price target from $20 to $16.
While the maintenance of an Outperform rating by Raymond James indicates continued confidence in Bloom Energy's potential, the reduction in the price target from $20 to $16 suggests a tempered outlook on the stock's short-term price performance. This adjustment could lead to mixed reactions in the market, with some investors viewing the lowered price target as a sign of caution, potentially impacting the stock's short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100