Johnson Rice Downgrades SolarEdge Technologies to Hold, Lowers Price Target to $140
Portfolio Pulse from Benzinga Newsdesk
Johnson Rice analyst Martin Malloy has downgraded SolarEdge Technologies (NASDAQ:SEDG) from Accumulate to Hold and lowered the price target from $300 to $140.
October 20, 2023 | 5:27 pm
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SolarEdge Technologies has been downgraded by Johnson Rice analyst Martin Malloy from Accumulate to Hold. The price target has also been lowered from $300 to $140.
The downgrade from Accumulate to Hold suggests that the analyst believes the stock may not outperform the market in the near future. The significant reduction in the price target from $300 to $140 indicates a bearish outlook for the stock. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100