Scotiabank Downgrades OPAL Fuels to Sector Perform, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Scotiabank has downgraded OPAL Fuels from Sector Outperform to Sector Perform and reduced its price target from $8 to $5.
September 03, 2024 | 12:19 pm
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NEGATIVE IMPACT
Scotiabank has downgraded OPAL Fuels from Sector Outperform to Sector Perform, reducing the price target from $8 to $5. This suggests a less optimistic outlook for OPAL Fuels' stock performance.
The downgrade from Sector Outperform to Sector Perform indicates a less favorable view of OPAL Fuels' future performance. The reduction in price target from $8 to $5 further suggests that the analyst expects lower growth or profitability, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100