Barclays Upgrades First Solar to Overweight, Lowers Price Target to $224
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Christine Cho has upgraded First Solar (NASDAQ:FSLR) from Equal-Weight to Overweight, but lowered the price target from $230 to $224.
October 12, 2023 | 8:57 am
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POSITIVE IMPACT
First Solar has been upgraded to Overweight by Barclays, indicating a positive outlook. However, the price target has been lowered from $230 to $224.
The upgrade to Overweight suggests that Barclays sees potential for First Solar's stock to outperform the market or its sector in the short term. However, the lowering of the price target could indicate a slightly less optimistic view on the stock's future price. Overall, this news is likely to have a positive impact on FSLR's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100