Truist Securities Maintains Buy on Ameresco, Lowers Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Christopher Souther has maintained a Buy rating on Ameresco (NYSE:AMRC) but lowered the price target from $40 to $37.

April 22, 2024 | 4:40 pm
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NEUTRAL IMPACT
Truist Securities maintains a Buy rating on Ameresco but lowers the price target from $40 to $37.
The maintenance of a Buy rating suggests a positive outlook on Ameresco's fundamentals, while the reduction in price target could reflect a more cautious view on its short-term price potential. This mixed signal might lead to neutral short-term price movement as investors digest both the continued endorsement and the tempered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100