BMO Capital Maintains Outperform on SolarEdge Technologies, Lowers Price Target to $111
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ameet Thakkar has maintained an 'Outperform' rating on SolarEdge Technologies (NASDAQ:SEDG), but lowered the price target from $216 to $111.
October 23, 2023 | 2:04 pm
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SolarEdge Technologies' price target has been lowered from $216 to $111 by BMO Capital, though the 'Outperform' rating is maintained.
The lowering of the price target by BMO Capital indicates a potential decrease in the stock's value in the short term. However, the maintained 'Outperform' rating suggests that the stock is still expected to outperform the market or its sector, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100