Jefferies Downgrades Bloom Energy to Hold, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Lloyd Byrne has downgraded Bloom Energy from Buy to Hold and reduced the price target from $15 to $11.
September 06, 2024 | 12:03 pm
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NEGATIVE IMPACT
Jefferies has downgraded Bloom Energy from Buy to Hold, with a reduced price target of $11, indicating a less optimistic outlook.
The downgrade from Buy to Hold by Jefferies suggests a less favorable view on Bloom Energy's stock performance. The lowered price target from $15 to $11 indicates expectations of limited upside potential, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100