SolarEdge Technologies shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and announced a $77 price target.
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies' stock (SEDG) trades lower following a downgrade from Neutral to Sell by Goldman Sachs, which also set a price target of $77.
December 18, 2023 | 4:31 pm
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Goldman Sachs downgraded SolarEdge Technologies (SEDG) from Neutral to Sell and set a price target of $77, causing the stock to trade lower.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a bearish outlook. The new price target of $77 by Goldman Sachs is likely below the current trading price, further suggesting a downside potential.
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