Lake Street Maintains Buy on Pioneer Power Solutions, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Robert Brown has maintained a Buy rating on Pioneer Power Solutions (NASDAQ:PPSI) but has lowered the price target from $12 to $9.

April 02, 2024 | 7:15 pm
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Lake Street analyst Robert Brown maintains a Buy rating on Pioneer Power Solutions but lowers the price target from $12 to $9.
While the maintenance of a Buy rating suggests continued confidence in the company's fundamentals, the reduction in the price target could indicate concerns about near-term growth prospects or market conditions. This mixed signal might lead to short-term uncertainty among investors, potentially causing some volatility in the stock price.
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