NuScale Power Stock Gets A Downgrade By BofA On Valuation Concerns
According to a report by TheFly, analyst Dimple Gosai revised the price target on the stock to $34 from $38, implying a potential downside of over 12% from the shares’ closing price on Monday.
NuScale Power Corp. (SMR) stock received a downgrade and a price target cut from Bank of America analyst Dimple Gosai on valuation concerns.
According to a report by TheFly, Gosai downgraded NuScale to ‘Underperform’ from ‘Neutral’, while lowering the price target to $34 from $38. The new target implies a downside of over 12% from the stock’s closing price on Monday.
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