Daiwa Capital Downgrades Daqo New Energy to Hold, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Daiwa Capital has downgraded Daqo New Energy from Outperform to Hold, while raising the price target from $18 to $25.
October 09, 2024 | 4:01 pm
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Daiwa Capital downgraded Daqo New Energy from Outperform to Hold, indicating a more cautious outlook. However, the price target was raised to $25, suggesting some positive expectations.
The downgrade from Outperform to Hold suggests a less optimistic view on Daqo New Energy's short-term performance. However, the raised price target to $25 indicates some positive expectations for the stock's value. This mixed signal may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100