Barclays Maintains Overweight on SolarEdge Technologies, Lowers Price Target to $274
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Christine Cho has maintained an Overweight rating on SolarEdge Technologies (NASDAQ:SEDG) but lowered the price target from $359 to $274.
August 04, 2023 | 1:18 pm
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Barclays has maintained an Overweight rating on SolarEdge Technologies but lowered the price target from $359 to $274.
The lowering of the price target by Barclays indicates a potential decrease in the stock's value. However, the maintained Overweight rating suggests that the stock is still expected to outperform. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
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