Susquehanna Maintains Neutral on Plug Power, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Biju Perincheril maintains a Neutral rating on Plug Power (NASDAQ:PLUG) and lowers the price target from $3.5 to $3.
May 10, 2024 | 12:54 pm
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Susquehanna has maintained a Neutral rating on Plug Power but reduced the price target from $3.5 to $3, indicating a cautious outlook on the stock's short-term price movement.
The reduction in price target by a notable analyst like Biju Perincheril from Susquehanna suggests a less optimistic view on the stock's near-term performance. This could lead to negative sentiment among investors, potentially impacting the stock's price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100