Roth MKM Maintains Buy on ReNew Energy Glb, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Justin Clare maintains a Buy rating on ReNew Energy Global (RNW) but lowers the price target from $9 to $8.
April 11, 2024 | 1:26 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Roth MKM maintains a Buy rating on ReNew Energy Global but lowers the price target from $9 to $8.
The adjustment in price target by Roth MKM reflects a nuanced view on RNW's future performance. While the Buy rating indicates continued confidence in the company's prospects, the reduction in price target suggests adjustments to valuation expectations, possibly due to market conditions or company-specific factors not detailed in the news. This could lead to short-term price volatility as investors reassess their expectations based on the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100