Truist Securities Upgrades Bloom Energy to Hold, Raises Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy upgraded Bloom Energy (NYSE:BE) from Sell to Hold and increased the price target from $9 to $11.
March 06, 2024 | 4:45 pm
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Bloom Energy's stock rating was upgraded from Sell to Hold by Truist Securities, with a price target increase from $9 to $11.
The upgrade from Sell to Hold by a significant analyst like Truist Securities indicates a more favorable outlook for Bloom Energy's stock. The increase in price target from $9 to $11 suggests an expectation of higher future stock performance. This positive analyst action is likely to influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100