Piper Sandler Maintains Underweight on Plug Power, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kashy Harrison maintains an Underweight rating on Plug Power (NASDAQ:PLUG) and lowers the price target from $2.9 to $2.5.
May 10, 2024 | 1:21 pm
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Piper Sandler has maintained its Underweight rating on Plug Power and reduced the price target from $2.9 to $2.5.
The reduction in price target by a reputable analyst firm like Piper Sandler can lead to negative investor sentiment towards PLUG, potentially causing a short-term decrease in its stock price. The Underweight rating further emphasizes the analyst's lack of confidence in the stock's near-term performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100