Roth MKM Downgrades SolarEdge Technologies to Neutral, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen has downgraded SolarEdge Technologies (NASDAQ:SEDG) from Buy to Neutral and lowered the price target from $280 to $100.
October 20, 2023 | 9:21 am
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NEGATIVE IMPACT
SolarEdge Technologies has been downgraded from Buy to Neutral by Roth MKM, with a significant reduction in price target from $280 to $100.
The downgrade from Buy to Neutral indicates a less optimistic outlook for the company's stock. The significant reduction in price target from $280 to $100 suggests that the analyst believes the stock is overvalued at current levels. This could lead to a negative sentiment among investors, potentially causing a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100