Citigroup Maintains Buy on SolarEdge Technologies, Lowers Price Target to $400
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst J.B. Lowe has maintained a 'Buy' rating on SolarEdge Technologies (NASDAQ:SEDG) but lowered the price target from $429 to $400.

July 19, 2023 | 7:19 pm
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Despite a lowered price target, Citigroup maintains a 'Buy' rating on SolarEdge Technologies, indicating continued confidence in the company's performance.
The lowered price target might initially cause some negative sentiment among investors, potentially leading to a short-term drop in the stock price. However, the maintained 'Buy' rating indicates that Citigroup still sees potential in SolarEdge Technologies, which could balance out the initial negative impact.
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IMPORTANCE 80
RELEVANCE 100