HC Wainwright & Co. Maintains Buy on Nouveau Monde Graphite, Lowers Price Target to $3
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. has maintained a Buy rating on Nouveau Monde Graphite (NYSE:NMG) but lowered the price target from $3.25 to $3.
September 04, 2024 | 10:37 am
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NEUTRAL IMPACT
HC Wainwright & Co. has maintained a Buy rating on Nouveau Monde Graphite but lowered the price target from $3.25 to $3, indicating a slight decrease in expected valuation.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a slight reduction in expected future performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100