HC Wainwright & Co. Maintains Buy on Iris Energy, Lowers Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Iris Energy (NASDAQ:IREN) but lowered the price target from $15 to $13.
August 29, 2024 | 12:06 pm
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HC Wainwright & Co. has maintained a Buy rating on Iris Energy but lowered the price target from $15 to $13, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100