Mizuho Reiterates Neutral on Array Technologies, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Mizuho analyst Maheep Mandloi has reiterated a Neutral rating on Array Technologies (NASDAQ:ARRY) and lowered the price target from $20 to $18.
February 28, 2024 | 1:55 pm
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NEGATIVE IMPACT
Mizuho analyst Maheep Mandloi reiterated a Neutral rating on Array Technologies and lowered the price target from $20 to $18.
The reduction in price target by Mizuho, a reputable financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in ARRY's stock price. The Neutral rating suggests no significant positive catalysts in the near term to counterbalance the negative impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100