Wells Fargo Maintains Overweight on SolarEdge Technologies, Lowers Price Target to $190
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum has maintained an Overweight rating on SolarEdge Technologies (NASDAQ:SEDG) but lowered the price target from $253 to $190.
October 20, 2023 | 2:17 pm
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SolarEdge Technologies' price target has been lowered from $253 to $190 by Wells Fargo, though the Overweight rating is maintained.
The lowering of the price target by Wells Fargo indicates a potential decrease in the stock's value in the short term. However, the maintained Overweight rating suggests that the stock is still expected to outperform its peers.
CONFIDENCE 90
IMPORTANCE 80
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