Piper Sandler Downgrades SolarEdge Technologies to Neutral, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Kashy Harrison downgraded SolarEdge Technologies (NASDAQ:SEDG) from Overweight to Neutral and reduced the price target from $110 to $105.
December 19, 2023 | 12:13 pm
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NEGATIVE IMPACT
SolarEdge Technologies was downgraded by Piper Sandler from Overweight to Neutral, and the price target was lowered from $110 to $105.
Downgrades by analysts can lead to negative investor sentiment and potential short-term price declines. The reduction in price target may also suggest a lower expected future performance, which could impact investor confidence and the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100