Raymond James Maintains Outperform on Ameresco, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov maintains an Outperform rating on Ameresco (NYSE:AMRC) but lowers the price target from $40 to $35.
April 03, 2024 | 5:58 pm
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NEUTRAL IMPACT
Raymond James maintains an Outperform rating on Ameresco but lowers the price target from $40 to $35.
While the maintenance of an Outperform rating by Raymond James indicates continued confidence in Ameresco's performance, the reduction in the price target from $40 to $35 could signal a tempered outlook on the company's short-term growth potential. This mixed signal might lead to a neutral short-term impact on AMRC's stock price as investors weigh the positive rating against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100