TD Cowen Maintains Hold on Workhorse Gr, Lowers Price Target to $0.25
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jeffrey Osborne maintains a Hold rating on Workhorse Group (NASDAQ:WKHS) but significantly lowers the price target from $3 to $0.25.
August 21, 2024 | 3:09 pm
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TD Cowen analyst Jeffrey Osborne has maintained a Hold rating on Workhorse Group but drastically reduced the price target from $3 to $0.25, indicating a negative outlook.
The significant reduction in the price target from $3 to $0.25 by TD Cowen suggests a negative outlook for Workhorse Group, likely leading to a short-term decline in stock price. The Hold rating indicates no immediate buy or sell recommendation, but the drastic price target cut reflects concerns about the company's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100