TD Cowen Maintains Hold on Ormat Technologies, Raises Price Target to $76
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jeffrey Osborne maintains a Hold rating on Ormat Technologies (ORA) and raises the price target from $70 to $76.

May 10, 2024 | 6:13 pm
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TD Cowen's updated Hold rating and increased price target to $76 could signal confidence in Ormat Technologies' future performance, potentially influencing investor sentiment.
While the Hold rating suggests a neutral stance on Ormat Technologies' stock, the increase in price target from $70 to $76 by TD Cowen indicates an improved outlook on the company's valuation and future performance. This adjustment could lead to a positive shift in investor sentiment, although the Hold rating implies that the stock might not experience significant short-term price movement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100