HSBC Upgrades Daqo New Energy to Hold, Announces $15 Price Target
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Daniel Yang has upgraded Daqo New Energy (NYSE:DQ) from Reduce to Hold, setting a price target of $15.
August 27, 2024 | 11:43 am
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POSITIVE IMPACT
HSBC has upgraded Daqo New Energy from Reduce to Hold, with a new price target of $15. This suggests a more neutral stance from the previous negative outlook.
The upgrade from Reduce to Hold indicates a shift from a negative to a neutral outlook, which could positively influence investor sentiment and potentially stabilize or increase the stock price in the short term. The $15 price target provides a specific valuation benchmark.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100