Canaccord Genuity Maintains Hold on Plug Power, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst George Gianarikas maintains a Hold rating on Plug Power (NASDAQ:PLUG) and lowers the price target from $4 to $3.
May 13, 2024 | 4:43 pm
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Canaccord Genuity's analyst George Gianarikas has maintained a Hold rating on Plug Power but reduced the price target from $4 to $3, indicating a cautious outlook on the stock's short-term price movement.
The reduction in price target by a reputable analyst suggests a less optimistic view on the stock's near-term performance, potentially leading to negative investor sentiment and a decrease in stock price.
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