SolarEdge Technologies shares are trading lower after Barclays maintained an Overweight rating on the stock but lowered its price target from $390 to $359.
Portfolio Pulse from Benzinga Newsdesk
Barclays has maintained an Overweight rating on SolarEdge Technologies but lowered its price target from $390 to $359. This has led to a decrease in the trading price of SolarEdge shares.
July 18, 2023 | 6:23 pm
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SolarEdge Technologies' share price is trading lower after Barclays lowered its price target on the stock from $390 to $359, despite maintaining an Overweight rating.
Barclays' decision to lower its price target on SolarEdge Technologies, despite maintaining an Overweight rating, has led to a decrease in the trading price of the company's shares. This suggests that the market has taken this adjustment into account, leading to a negative short-term impact on the stock.
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IMPORTANCE 80
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