Bloom Energy shares are trading lower after Jefferies downgraded the stock from Buy to Hold and lowered its price target from $15 to $11.
Portfolio Pulse from Benzinga Newsdesk
Bloom Energy's stock is experiencing a decline following a downgrade by Jefferies from Buy to Hold, with a reduced price target from $15 to $11.
September 06, 2024 | 12:17 pm
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Bloom Energy's stock is trading lower due to Jefferies' downgrade from Buy to Hold, with a price target cut from $15 to $11.
The downgrade by Jefferies, a reputable financial services company, directly impacts investor sentiment and likely contributes to the stock's decline. The reduced price target suggests a less optimistic outlook for Bloom Energy's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100