Lake Street Downgrades Profire Energy to Hold, Announces $2.55 Price Target
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Robert Brown has downgraded Profire Energy (NASDAQ:PFIE) from Buy to Hold, setting a price target of $2.55.
October 30, 2024 | 6:24 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Lake Street analyst Robert Brown downgraded Profire Energy from Buy to Hold, with a new price target of $2.55.
The downgrade from Buy to Hold by a reputable analyst can lead to a negative short-term impact on PFIE's stock price as it signals reduced confidence in the stock's potential for appreciation. The new price target of $2.55 may also influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100