RBC Capital Initiates Coverage On SolarEdge Technologies with Sector Perform Rating, Announces Price Target of $85
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos initiated coverage on SolarEdge Technologies (SEDG) with a Sector Perform rating and set a price target of $85. This new coverage could influence investor sentiment and potentially impact SEDG's stock price in the short term.
February 14, 2024 | 12:26 pm
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RBC Capital initiated coverage on SolarEdge Technologies with a Sector Perform rating and a price target of $85.
The initiation of coverage by a major analyst firm like RBC Capital, especially with a neutral 'Sector Perform' rating, typically garners attention from investors and can influence stock sentiment. However, the impact on the stock price might be moderate since the rating is neutral. The set price target of $85 provides a benchmark for investors, potentially affecting trading behavior depending on the current stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100