Truist Securities Maintains Buy on Array Technologies, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has maintained a Buy rating on Array Technologies (NASDAQ:ARRY) but lowered the price target from $25 to $23.
February 29, 2024 | 2:06 pm
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Truist Securities maintains a Buy rating on Array Technologies but lowers the price target from $25 to $23.
The maintenance of a Buy rating suggests a positive outlook on Array Technologies by Truist Securities, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target from $25 to $23 could reflect a reassessment of the company's future earnings potential or market conditions, potentially leading to a neutral short-term impact on the stock price as investors digest the mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100