Bernstein lowered the firm’s price target on ReNew Energy Global (RNW) to $8.80 from $9 and keeps an Outperform rating on the shares. The firm notes that it has been positive on ReNew for the last 3 years, but the stock never lived up to its potential. Taking it private and listing in India seemed the best option for ages, and now it seems very doable, Bernstein argues.
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