Roth MKM Maintains Buy on Emeren Group, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen maintains a Buy rating on Emeren Group (NYSE:SOL) but lowers the price target from $10 to $7.
September 12, 2023 | 2:22 pm
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Emeren Group's price target has been lowered from $10 to $7 by Roth MKM, though the Buy rating is maintained.
The lowering of the price target by Roth MKM 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 in the stock, which could balance out the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100