Roth MKM Downgrades Tigo Energy to Neutral, Lowers Price Target to $2.5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen has downgraded Tigo Energy (NASDAQ:TYGO) from Buy to Neutral and lowered the price target from $11 to $2.5.
November 09, 2023 | 12:22 pm
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NEGATIVE IMPACT
Tigo Energy's rating has been downgraded from Buy to Neutral by Roth MKM, with a significant reduction in price target from $11 to $2.5.
The downgrade from Buy to Neutral indicates a less optimistic outlook for Tigo Energy's stock. The significant reduction in price target from $11 to $2.5 suggests that the analyst believes the stock is overvalued at current prices. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100