Scotiabank Maintains Sector Outperform on Clean Energy Fuels, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on Clean Energy Fuels (NASDAQ:CLNE) but lowers the price target from $7 to $6.

March 06, 2024 | 4:20 pm
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Scotiabank maintains a Sector Outperform rating on Clean Energy Fuels but lowers the price target from $7 to $6.
While the reduction in price target from $7 to $6 by Scotiabank could be seen as a negative signal, the maintenance of a Sector Outperform rating by analyst Paul Cheng suggests a continued positive outlook on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100