Truist Securities Maintains Buy on Array Technologies, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a 'Buy' rating on Array Technologies (NASDAQ:ARRY) but lowered the price target from $38 to $30.
November 09, 2023 | 9:29 pm
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NEUTRAL IMPACT
Array Technologies' price target has been lowered from $38 to $30 by Truist Securities, though the 'Buy' rating is maintained.
The news is directly about Array Technologies. The lowering of the price target might indicate a potential downside risk, but the maintained 'Buy' rating suggests that the analyst still sees potential upside. This could lead to mixed reactions in the market, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100