JP Morgan Maintains Overweight on Shoals Technologies Gr, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse has maintained an 'Overweight' rating on Shoals Technologies Gr (NASDAQ:SHLS), but lowered the price target from $38 to $32.

October 19, 2023 | 7:16 pm
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JP Morgan has maintained an 'Overweight' rating on Shoals Technologies Gr, but lowered the price target from $38 to $32.
The news is directly related to Shoals Technologies Gr (SHLS). While the 'Overweight' rating indicates a positive outlook, the lowering of the price target may have a neutral to slightly negative impact on the stock in the short term as it suggests that the analyst sees less upside potential than before.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100