Morgan Stanley Maintains Equal-Weight on Array Technologies, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Percoco has maintained an Equal-Weight rating on Array Technologies (NASDAQ: ARRY) but has reduced the price target from $23 to $19.
December 08, 2023 | 1:02 pm
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Morgan Stanley has maintained an Equal-Weight rating on Array Technologies but lowered the price target from $23 to $19.
The reduction in price target by Morgan Stanley suggests a less optimistic valuation of Array Technologies, which could lead to a negative perception among investors and a potential decrease in the stock price in the short term.
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