BMO Capital Maintains Market Perform on Stem, Lowers Price Target to $3.25
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ameet Thakkar has maintained a Market Perform rating on Stem, Inc. (NYSE:STEM) but lowered the price target from $4 to $3.25.
February 29, 2024 | 1:22 pm
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BMO Capital has maintained its Market Perform rating on Stem, Inc. but reduced the price target from $4 to $3.25.
The reduction in price target by BMO Capital suggests a less optimistic outlook on Stem, Inc.'s stock value in the short term, potentially leading to a negative impact on its stock price. The maintenance of a Market Perform rating indicates that the analyst does not see significant downside or upside from the current price level, but the lowered price target could influence investor sentiment negatively.
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