Scotiabank Maintains Sector Outperform on OPAL Fuels, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Paul Cheng maintains a Sector Outperform rating on OPAL Fuels (NASDAQ:OPAL) but lowers the price target from $10.5 to $8.

April 11, 2024 | 7:05 pm
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Scotiabank maintains a Sector Outperform rating on OPAL Fuels but reduces the price target from $10.5 to $8.
The reduction in price target by Scotiabank, despite maintaining a positive Sector Outperform rating, could lead to a short-term negative sentiment among investors, potentially causing a decrease in OPAL Fuels' stock price. The adjustment reflects a reassessment of the company's valuation, possibly due to market conditions or company-specific factors not detailed in the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100