Truist Securities Reiterates Buy on Shoals Technologies Gr, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Jordan Levy has reiterated a Buy rating on Shoals Technologies Group (NASDAQ:SHLS) but has lowered the price target from $23 to $20.

February 29, 2024 | 2:28 pm
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Truist Securities has reaffirmed its Buy rating on Shoals Technologies Group but reduced the price target from $23 to $20.
The reiteration of the Buy rating suggests a positive outlook on SHLS by Truist Securities, indicating confidence in the company's fundamentals or growth prospects. However, the reduction in the price target could reflect adjustments in valuation models, possibly due to market conditions or revised earnings expectations. This mixed signal might lead to short-term uncertainty among investors, balancing the potential for both positive and negative reactions.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100