Cantor Fitzgerald Maintains Overweight on Array Technologies, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Derek Soderberg maintains an Overweight rating on Array Technologies (ARRY) but lowers the price target from $22 to $18.
February 28, 2024 | 4:06 pm
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Cantor Fitzgerald maintains an Overweight rating on Array Technologies but lowers the price target from $22 to $18.
The adjustment in price target by Cantor Fitzgerald reflects a change in valuation expectations for Array Technologies, though the Overweight rating indicates continued confidence in the company's prospects. This could lead to mixed reactions in the short term, as investors reassess the company's growth potential against the new price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100