Evercore ISI Group Maintains Outperform on Plug Power, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst James West maintains an Outperform rating on Plug Power (NASDAQ:PLUG) but lowers the price target from $9 to $6.
March 04, 2024 | 4:02 pm
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NEGATIVE IMPACT
Evercore ISI Group maintains an Outperform rating on Plug Power but lowers the price target from $9 to $6.
The reduction in price target from $9 to $6 by a reputable analyst firm like Evercore ISI Group could lead to a negative short-term sentiment among investors, potentially causing a decrease in PLUG's stock price. The maintenance of an Outperform rating indicates a positive outlook on the company's fundamentals, but the lowered price target might overshadow this optimism in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100