Roth MKM Maintains Buy on Emeren Group, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen has maintained a Buy rating on Emeren Group (NYSE:SOL) but has reduced the price target from $7 to $5.
November 22, 2023 | 3:17 pm
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Roth MKM analyst Philip Shen maintains a Buy rating on Emeren Group but lowers the price target from $7 to $5, indicating a potential downside compared to the previous target.
The reduction in price target by Roth MKM suggests that while the firm remains positive on Emeren Group's prospects, it acknowledges near-term challenges or potential valuation adjustments that could pressure the stock price in the short term. Investors often view a lower price target as a negative signal, even if the overall rating is still a Buy, which could lead to a decrease in the stock price.
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