- Barclays analyst Moses Sutton upgraded Plug Power Inc PLUG to Equal Weight from Underweight with an unchanged price target of $27.
- Sutton believes that the company's analyst day on October 14 "could reasonably ignite some momentum" and drive the shares toward a new baseline for the next 6-12 months, or at least set a high-$20s "floor."
- Further, he adds that an infrastructure bill is another potential upside driver, even if the potential of passage is under 50%.
- Also Read: Is Plug Power Ready To Breakout After Being Pinched Between Support And Resistance?
- Price Action: PLUG shares are trading higher by 3.97% at $27.125 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
