Daiwa Capital Downgrades Daqo New Energy to Underperform, Announces $25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Daiwa Capital analyst Dennis Ip downgraded Daqo New Energy (DQ) from Neutral to Underperform and set a price target of $25.

March 15, 2024 | 7:04 pm
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Daiwa Capital downgraded Daqo New Energy from Neutral to Underperform with a $25 price target.
The downgrade from Neutral to Underperform by a significant analyst like Daiwa Capital, coupled with a specific price target of $25, suggests a bearish outlook on DQ's stock. This could lead to a negative short-term impact on the stock price as market participants adjust their expectations based on this new analysis.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100