Evercore ISI Group Maintains In-Line on Hawaiian Electric Indus, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group has maintained an 'In-Line' rating for Hawaiian Electric Industries (NYSE:HE) but has significantly lowered its price target from $16 to $9.
September 24, 2024 | 5:35 pm
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Evercore ISI Group has maintained an 'In-Line' rating for Hawaiian Electric Industries but has significantly lowered its price target from $16 to $9, indicating a bearish outlook.
The significant reduction in the price target from $16 to $9 by Evercore ISI Group suggests a bearish outlook on Hawaiian Electric Industries. This could lead to a negative short-term impact on the stock price as investors react to the lowered expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100