Truist Securities Maintains Buy on SolarEdge Technologies, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a 'Buy' rating on SolarEdge Technologies (NASDAQ:SEDG) but lowered the price target from $180 to $120.

October 23, 2023 | 5:30 pm
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SolarEdge Technologies' price target has been lowered from $180 to $120 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100