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Benzinga
Benzinga
Business
Akanksha Bakshi

Piper Sandler Cuts Ameresco Price Target By 20%

Ameresco Piper Sandler NYSE Ukraine
  • Ameresco Inc (NYSE:AMRC) price target was lowered to $64 (a downside of 7%) from $80 by Piper Sandler analyst Kashy Harrison. 
  • The analyst maintained the Neutral rating on Ameresco shares.
  • Harrison noted that European demand for non-Russian energy supply will "skyrocket."
  • He thinks that the Ukraine crisis boosts demand for renewables/alternatives and is positive for the group.
  • Price Action: AMRC shares are trading lower by 8.47% at $69.02 on the last check Monday.
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