Daiwa Capital Downgrades JinkoSolar Holding Co to Neutral, Announces $25 Price Target
Portfolio Pulse from Benzinga Newsdesk
Daiwa Capital analyst Dennis Ip downgraded JinkoSolar Holding Co (NYSE:JKS) from Outperform to Neutral and set a price target of $25. This adjustment reflects a change in the firm's outlook on JinkoSolar's stock.
February 05, 2024 | 5:19 pm
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NEGATIVE IMPACT
Daiwa Capital downgraded JinkoSolar Holding Co to Neutral from Outperform and set a price target of $25.
The downgrade from Outperform to Neutral by a significant analyst like Daiwa Capital suggests a less optimistic view on JinkoSolar's future stock performance. The announcement of a $25 price target, depending on the current stock price, could imply a downward or limited upside potential, influencing investor sentiment negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100