Goldman Sachs Maintains Neutral on Canadian Solar, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee has maintained a Neutral rating on Canadian Solar (NASDAQ:CSIQ) and increased the price target from $25 to $28.
January 24, 2024 | 4:23 pm
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POSITIVE IMPACT
Goldman Sachs maintains a Neutral rating on Canadian Solar but raises the price target from $25 to $28, indicating a potential upside from the previous target.
The increase in price target by Goldman Sachs suggests a positive outlook on Canadian Solar's future performance, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the stock might be fairly valued at the moment, which tempers the potential impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100