HC Wainwright & Co. Maintains Buy on FTC Solar, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
HC Wainwright & Co. analyst Amit Dayal maintains a 'Buy' rating on FTC Solar (NASDAQ:FTCI) but has lowered the price target from $5 to $2.5.
November 09, 2023 | 12:16 pm
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NEGATIVE IMPACT
FTC Solar's price target has been lowered from $5 to $2.5 by HC Wainwright & Co., though the 'Buy' rating is maintained.
The lowering of the price target by HC Wainwright & Co. could potentially lead to a negative sentiment among investors, which may put downward pressure on FTC Solar's stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100