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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100