UBS Maintains Buy on Altus Power, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jon Windham maintains a Buy rating on Altus Power (NYSE:AMPS) but lowers the price target from $5.5 to $5.
August 09, 2024 | 2:46 pm
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UBS analyst Jon Windham maintains a Buy rating on Altus Power but lowers the price target from $5.5 to $5.
The maintained Buy rating suggests continued confidence in Altus Power's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100