Roth MKM Maintains Buy on Emeren Group, Lowers Price Target to $5-REPORT RELEASED ON 21 NOVEMEBER 2023
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 as reported on November 21, 2023.
November 22, 2023 | 3:18 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.
While the reduction in price target from $7 to $5 by Roth MKM could be seen as a negative signal, the maintenance of a Buy rating suggests that the analyst still sees potential upside in the stock. This mixed signal may lead to a neutral short-term impact on the stock price as investors weigh the lower price target against the positive rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100