HC Wainwright & Co. Maintains Buy on Nouveau Monde Graphite, Lowers Price Target to $3.25
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Nouveau Monde Graphite (NYSE:NMG) but has lowered the price target from $8 to $3.25.

May 30, 2024 | 11:28 am
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NEGATIVE IMPACT
HC Wainwright & Co. has maintained a Buy rating on Nouveau Monde Graphite but has significantly lowered the price target from $8 to $3.25.
The significant reduction in the price target from $8 to $3.25 suggests a more cautious outlook on the stock's future performance, which could lead to a negative short-term impact on the stock price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100