Stifel Maintains Buy on Ameresco, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Stephen Gengaro maintains a Buy rating on Ameresco (AMRC) but lowers the price target from $35 to $32.

May 09, 2024 | 1:54 pm
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NEUTRAL IMPACT
Stifel maintains a Buy rating on Ameresco but reduces the price target from $35 to $32.
While the reduction in price target could suggest a tempered outlook on Ameresco's short-term price potential, the maintenance of a Buy rating indicates a continued positive long-term view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors digest both the positive endorsement and the lowered expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100