HC Wainwright & Co. Maintains Buy on Electra Battery Materials, Lowers Price Target to $1.4
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained its Buy rating on Electra Battery Materials (NASDAQ:ELBM) but has lowered the price target from $1.6 to $1.4.
May 28, 2024 | 10:22 am
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HC Wainwright & Co. has maintained its Buy rating on Electra Battery Materials (NASDAQ:ELBM) but has lowered the price target from $1.6 to $1.4.
The maintained Buy rating suggests continued confidence in the company's prospects, but the lowered price target indicates some caution regarding its 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