TD Cowen Downgrades Stem to Hold, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Thomas Boyes has downgraded Stem (NYSE:STEM) from Buy to Hold and lowered the price target from $4 to $1.
August 07, 2024 | 9:36 pm
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NEGATIVE IMPACT
TD Cowen analyst Thomas Boyes downgraded Stem from Buy to Hold and reduced the price target from $4 to $1.
The downgrade from Buy to Hold and the significant reduction in the price target from $4 to $1 by a reputable analyst is likely to negatively impact investor sentiment and the stock price of Stem in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100