TD Cowen Maintains Buy on ESS Tech, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Thomas Boyes maintains a Buy rating on ESS Tech (NYSE:GWH) but lowers the price target from $2.5 to $2.

May 08, 2024 | 5:21 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
TD Cowen maintains a Buy rating on ESS Tech but lowers the price target from $2.5 to $2.
While the reduction in price target could suggest a tempered outlook on the stock's short-term price potential, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100