EF Hutton Maintains Buy on American Res, Lowers Price Target to $4
Portfolio Pulse from Benzinga Newsdesk
EF Hutton analyst Jesse Sobelson maintains a Buy rating on American Resources Corporation (NASDAQ:AREC) but lowers the price target from $5 to $4.
July 17, 2024 | 6:41 pm
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EF Hutton analyst Jesse Sobelson maintains a Buy rating on American Resources Corporation (NASDAQ:AREC) but lowers the price target from $5 to $4.
The Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook on its near-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