Craig-Hallum Maintains Buy on Electrovaya, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Eric Stine maintains a Buy rating on Electrovaya (NASDAQ:ELVA) but lowers the price target from $10 to $9.
May 15, 2024 | 5:56 pm
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NEUTRAL IMPACT
Craig-Hallum analyst Eric Stine maintains a Buy rating on Electrovaya but lowers the price target from $10 to $9.
The Buy rating suggests continued confidence in Electrovaya's prospects, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100