Shoals Technologies Group shares are trading lower after Northland Capital Markets downgraded the stock from Outperform to Market Perform and lowered its price target from $26 to $18.
Portfolio Pulse from Benzinga Newsdesk
Shoals Technologies Group's stock has been downgraded from Outperform to Market Perform by Northland Capital Markets, which also lowered its price target from $26 to $18. This has led to a decrease in the trading price of Shoals Technologies Group shares.
October 05, 2023 | 5:03 pm
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Shoals Technologies Group's stock has been downgraded by Northland Capital Markets, leading to a decrease in its trading price.
The downgrade of Shoals Technologies Group's stock by Northland Capital Markets from Outperform to Market Perform and the lowering of its price target from $26 to $18 is a negative signal to investors. This could lead to a decrease in demand for the stock, thereby lowering its trading price.
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