SolarEdge shares are trading lower after Morgan Stanley maintained an Equal-Weight rating on the stock and lowered its price target from $334 to $240.
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained an Equal-Weight rating on SolarEdge's stock but lowered its price target from $334 to $240. This has led to a decrease in SolarEdge's share price.
September 06, 2023 | 7:25 pm
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NEGATIVE IMPACT
SolarEdge's stock price is expected to be negatively impacted in the short term due to Morgan Stanley's lowered price target.
Morgan Stanley's decision to lower its price target on SolarEdge's stock indicates a less optimistic outlook for the company's future performance. This can lead to a decrease in investor confidence and a subsequent drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100