Citigroup Downgrades Fluence Energy to Neutral, Lowers Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ryan Levine has downgraded Fluence Energy from Buy to Neutral and reduced the price target from $32 to $24.
October 01, 2024 | 1:36 pm
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Citigroup has downgraded Fluence Energy from Buy to Neutral, with a reduced price target of $24, indicating a less optimistic outlook.
The downgrade from Buy to Neutral by Citigroup suggests a less favorable view on Fluence Energy's stock performance. The reduction in price target from $32 to $24 indicates a significant decrease in expected valuation, likely leading to a negative short-term impact on the stock price.
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