Raymond James Maintains Strong Buy on FTC Solar, Lowers Price Target to $2
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Pavel Molchanov maintains a Strong Buy rating on FTC Solar (NASDAQ:FTCI) but has lowered the price target from $4 to $2.
November 09, 2023 | 12:40 pm
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FTC Solar's price target has been lowered from $4 to $2 by Raymond James, though the Strong Buy rating is maintained.
The lowering of the price target by Raymond James could potentially lead to a decrease in FTC Solar's stock price in the short term. However, the maintenance of the Strong Buy rating indicates that the analyst still sees potential in the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100