Goldman Sachs Maintains Buy on Array Technologies, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee maintains a Buy rating on Array Technologies (NASDAQ:ARRY) but lowers the price target from $31 to $27.

February 29, 2024 | 2:52 pm
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Goldman Sachs maintains a Buy rating on Array Technologies but lowers the price target from $31 to $27.
While the reduction in the price target from $31 to $27 by Goldman Sachs could suggest a tempered outlook on Array Technologies' short-term price potential, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals and long-term prospects. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100