Jefferies Initiates Coverage On Array Technologies with Hold Rating, Announces Price Target of $18
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Dushyant Ailani has initiated coverage on Array Technologies (NASDAQ: ARRY) with a Hold rating and set a price target of $18 for the company's stock.

December 15, 2023 | 10:08 am
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Jefferies analyst Dushyant Ailani has initiated coverage on Array Technologies with a Hold rating and a price target of $18.
The initiation of coverage by Jefferies with a Hold rating suggests a neutral outlook on the stock, indicating that the analyst believes the stock is fairly valued at its current price. The price target of $18 provides a reference point for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the news is directly about ARRY. The importance is significant as analyst ratings can influence investor perception and stock price, but it is not at the highest level as it is a Hold rating rather than a Buy or Sell. The confidence level is high due to the credibility of Jefferies as a financial analyst firm.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100