Morgan Stanley Maintains Equal-Weight on Shoals Technologies Gr, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Stephen Biggar has maintained an Equal-Weight rating on Shoals Technologies Group (NASDAQ:SHLS) but has reduced the price target from $21 to $17.

December 08, 2023 | 1:26 pm
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Morgan Stanley has maintained an Equal-Weight rating on SHLS but lowered the price target from $21 to $17, indicating a potential downside based on the analyst's expectations.
The reduction in price target by a major analyst like Morgan Stanley suggests that they see less upside potential for SHLS, which could lead to a negative short-term reaction in the stock price. The Equal-Weight rating indicates that the analyst views the company as fairly valued at its current price, but the lowered target may still influence market sentiment negatively.
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IMPORTANCE 75
RELEVANCE 100