Canaccord Genuity Maintains Hold on FuelCell Energy, Lowers Price Target to $1.5
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Jed Dorsheimer maintains a Hold rating on FuelCell Energy (FCEL) and lowers the price target from $2 to $1.5.
March 08, 2024 | 5:12 pm
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Canaccord Genuity maintains a Hold rating on FuelCell Energy and lowers the price target from $2 to $1.5.
The reduction in the price target by Canaccord Genuity suggests a bearish outlook on the stock's short-term price movement. This adjustment reflects the analyst's revised expectations on the company's future performance, which could lead to a negative sentiment among investors and potentially drive the stock price down in the short term.
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IMPORTANCE 80
RELEVANCE 100