Wells Fargo Downgrades SolarEdge Technologies to Equal-Weight, Lowers Price Target to $82
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Praneeth Satish has downgraded SolarEdge Technologies (NASDAQ:SEDG) from Overweight to Equal-Weight and lowered the price target from $190 to $82.
November 06, 2023 | 10:57 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
SolarEdge Technologies has been downgraded by Wells Fargo from Overweight to Equal-Weight, with a lowered price target from $190 to $82.
The downgrade from Overweight to Equal-Weight by Wells Fargo indicates a less optimistic outlook for SolarEdge Technologies. The significant reduction in the price target from $190 to $82 suggests that the analyst believes the stock is overvalued at current levels. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100