Truist Securities Maintains Buy on SolarEdge Technologies, Lowers Price Target to $340
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Jordan Levy has maintained a 'Buy' rating on SolarEdge Technologies (NASDAQ:SEDG) but lowered the price target from $400 to $340.
August 04, 2023 | 1:51 pm
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SolarEdge Technologies' price target has been lowered from $400 to $340 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside in the stock, which could offset the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100