Truist Securities Maintains Buy on Array Technologies, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a Buy rating on Array Technologies (NASDAQ:ARRY) but has reduced the price target from $30 to $25.
January 23, 2024 | 4:59 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Truist Securities reaffirmed a Buy rating on Array Technologies but lowered the price target from $30 to $25, indicating a potential downside compared to the previous target.
The reduction in the price target by Truist Securities, despite maintaining a Buy rating, suggests that the analyst sees less upside potential for Array Technologies than previously thought. This could lead to a negative short-term reaction in the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100