TD Cowen Maintains Buy on Plug Power, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jeffrey Osborne maintains a Buy rating on Plug Power (NASDAQ:PLUG) but lowers the price target from $7 to $5.

May 10, 2024 | 6:11 pm
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TD Cowen reaffirmed a Buy rating on Plug Power, although the price target was reduced from $7 to $5.
While the reaffirmation of a Buy rating by TD Cowen suggests continued confidence in Plug Power's fundamentals and growth prospects, the reduction in the price target could signal concerns about near-term challenges or valuation adjustments. This mixed signal is likely to have a neutral short-term impact on the stock as positive sentiment from the maintained Buy rating could be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100