UBS Maintains Buy Rating for Canadian Solar: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
UBS has maintained its Buy rating for Canadian Solar (NASDAQ:CSIQ) but reduced its price target from $47.00 to $36.00. Despite the lowered target, the new price suggests a significant upside of 72.74% from the current trading price of $20.84. Canadian Solar operates in the solar power industry, providing products and services across two segments: CSI Solar and Global Energy.
November 17, 2023 | 5:00 pm
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UBS maintains a Buy rating on Canadian Solar with a reduced price target of $36, indicating a potential upside of 72.74% from the current price of $20.84.
The maintenance of a Buy rating by UBS for Canadian Solar, despite a lower price target, suggests confidence in the company's fundamentals and growth potential. The significant potential upside of 72.74% from the current price may positively influence investor sentiment and drive short-term price movement upwards.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100