Ladenburg Thalmann Downgrades Energous to Neutral, Announces $2 Price Target
Portfolio Pulse from Benzinga Newsdesk
Ladenburg Thalmann analyst Jon Hickman downgraded Energous (NASDAQ:WATT) from Buy to Neutral and set a $2 price target.
April 05, 2024 | 12:28 pm
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Energous was downgraded from Buy to Neutral by Ladenburg Thalmann analyst Jon Hickman, with a new price target of $2.
Analyst downgrades typically lead to a negative short-term impact on the stock price as they suggest a less optimistic outlook on the company's future performance. The setting of a $2 price target, depending on the current stock price, could imply a downside, further influencing investor sentiment negatively.
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