Deutsche Bank Maintains Hold on ESS Tech, Lowers Price Target to $1.4
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Corinne Blanchard maintains a Hold rating on ESS Tech (NYSE:GWH) and lowers the price target from $2 to $1.4.
September 11, 2024 | 5:09 pm
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NEGATIVE IMPACT
Deutsche Bank has maintained its Hold rating on ESS Tech but lowered the price target from $2 to $1.4, indicating a less optimistic outlook.
The lowering of the price target from $2 to $1.4 by Deutsche Bank suggests a negative outlook on ESS Tech's future performance, which could lead to a short-term decline in stock price. The Hold rating indicates that the analyst does not see significant upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100