Evercore ISI Group Maintains Outperform on Bloom Energy, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst James West maintains an Outperform rating on Bloom Energy (NYSE:BE) but lowers the price target from $21 to $20.
May 10, 2024 | 11:51 am
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Evercore ISI Group maintains an Outperform rating on Bloom Energy but lowers the price target from $21 to $20.
The maintenance of an Outperform rating suggests a positive outlook on Bloom Energy's performance, while the reduction in price target may reflect adjustments in market conditions or company valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued endorsement and the tempered valuation expectation.
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