Truist Just Slashed Its Price Target on Plug Power (PLUG) Stock

Plug Power (NASDAQ:PLUG) is up by more than 15% today despite a Truist Securities price target reduction to $3 from $6 this morning. Truist also reiterated its “hold” rating on shares. Before that, Citi lowered its price target to $3.25 per share from $5 on Jan. 18 while reiterating a “neutral” rating. PLUG stock carries an average price target of $8.04 among 25 analysts with coverage of the stock.However, it appears that the Truist price target change occurred before Plug’s big announcement this morning.Pl ...