UBS Maintains Buy on Clearway Energy, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
UBS analyst William Grippin maintains a Buy rating on Clearway Energy (CWEN) and raises the price target from $32 to $33.
May 14, 2024 | 2:39 pm
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POSITIVE IMPACT
UBS analyst William Grippin maintains a Buy rating on Clearway Energy and raises the price target from $32 to $33, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst suggests a strong confidence in the company's future performance, likely leading to positive investor sentiment and a potential increase in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
The adjustment in price target for Clearway Energy (CWEN) by UBS also implies a positive outlook for CWEN/A, given its close relation to CWEN.
Although CWEN/A was not directly mentioned, the positive adjustment for CWEN likely reflects similarly on CWEN/A due to their close association, potentially leading to increased investor interest and a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75