B of A Securities Maintains Buy on SolarEdge Technologies, Lowers Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Julien Dumoulin-Smith has maintained a 'Buy' rating on SolarEdge Technologies (NASDAQ:SEDG) but lowered the price target from $396 to $320.
August 04, 2023 | 12:03 pm
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SolarEdge Technologies' price target has been lowered from $396 to $320 by B of A Securities, though the 'Buy' rating is maintained.
The lowering of the price target by B of A Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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