B. Riley Securities Maintains Buy on Altus Power, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained its Buy rating on Altus Power (NYSE:AMPS) but has lowered the price target from $7 to $6.
May 15, 2024 | 2:03 pm
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NEUTRAL IMPACT
B. Riley Securities has maintained its Buy rating on Altus Power but has lowered the price target from $7 to $6. This indicates continued confidence in the company's prospects, albeit with a slightly reduced upside potential.
The maintained Buy rating suggests that the analyst still sees positive potential in Altus Power, but the lowered price target indicates a more conservative outlook on the stock's short-term performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100