Piper Sandler Downgrades Array Technologies to Neutral, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kashy Harrison downgraded Array Technologies (ARRY) from Overweight to Neutral and reduced the price target from $26 to $22.

December 19, 2023 | 12:11 pm
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NEGATIVE IMPACT
Array Technologies downgraded by Piper Sandler from Overweight to Neutral, price target lowered from $26 to $22.
Analyst downgrades typically lead to a negative short-term reaction in the stock price as they suggest a less favorable outlook. The reduction in price target further implies a lower expected future valuation, which can also negatively impact investor sentiment and the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100