Chardan Capital Maintains Neutral on Li-Cycle Holdings, Announces $0.75 Price Target
Portfolio Pulse from Benzinga Newsdesk
Chardan Capital analyst Brian Dobson maintains a Neutral rating on Li-Cycle Holdings (LICY) and sets a price target of $0.75.
April 19, 2024 | 5:32 pm
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NEUTRAL IMPACT
Chardan Capital maintains a Neutral rating on Li-Cycle Holdings with a new price target of $0.75.
The maintenance of a Neutral rating by Chardan Capital, accompanied by a specific price target, suggests a clear but moderate expectation for Li-Cycle Holdings' stock performance. The setting of a price target provides a quantifiable expectation for the stock's future price level, which can influence investor perception and potentially the stock's market price. However, the neutral stance indicates that the analyst sees neither significant upside nor downside risks in the near term, leading to a neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100