Ladenburg downgrades Nano Nuclear Energy stock to sell, slashing price target to $9. Investors spooked by analyst’s pessimism, but company advances to final round of U.S. Army competition. Stock plunges 18.9% from last Friday, but rebounds slightly on Thursday after three days of decline.
Analyst’s bearish outlook caused sell-off, but Thursday’s news of U.S. Army competition brought relief. Analysts have short-term focus, not concerning for long-term investors. If bullish last week, no need to change outlook. Consider recent Stock Advisor top 10 list for better investment options.
Read more at Yahoo Finance: Why Shares of Nano Nuclear Energy Are Plummeting This Week
