SolarEdge shares are trading higher. B. Riley Securities maintained a Buy rating on the stock but cut its price target from $368 to $356.
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on SolarEdge's stock but reduced its price target from $368 to $356. This has led to SolarEdge shares trading higher.
June 30, 2023 | 3:54 pm
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SolarEdge's stock is trading higher after B. Riley Securities maintained a Buy rating but cut its price target from $368 to $356.
The news directly pertains to SolarEdge and is likely to influence investor sentiment. Despite the reduction in price target, the maintenance of a Buy rating by B. Riley Securities indicates continued confidence in the company's prospects, which is likely why the stock is trading higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100