Raymond James Maintains Strong Buy on Emeren Group, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov maintains a Strong Buy rating on Emeren Group (NYSE:SOL) but has lowered the price target from $9 to $8.
October 03, 2023 | 4:59 pm
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NEUTRAL IMPACT
Emeren Group's price target has been lowered from $9 to $8 by Raymond James, though the Strong Buy rating is maintained.
The lowering of the price target by Raymond James could potentially create a negative sentiment among investors. However, the maintenance of the Strong Buy rating indicates that the analyst still sees potential in the stock. This could balance out any negative impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100