Roth MKM Maintains Buy on Canadian Solar, Lowers Price Target to $50
Portfolio Pulse from richadhand@benzinga.com
Roth MKM analyst Justin Clare maintains a 'Buy' rating on Canadian Solar (NASDAQ:CSIQ) but has lowered the price target from $70 to $50.
August 23, 2023 | 12:57 pm
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Despite the lowered price target, Canadian Solar maintains a 'Buy' rating from Roth MKM, indicating continued confidence in the company's performance.
The lowered price target could potentially cause some short-term negative sentiment among investors. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company's stock, which could balance out any negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100