JP Morgan Maintains Overweight on Shoals Technologies Gr, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Mark Strouse has maintained an Overweight rating on Shoals Technologies Group (SHLS) but has lowered the price target from $32 to $26.

February 29, 2024 | 4:41 pm
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JP Morgan maintains an Overweight rating on Shoals Technologies Group but lowers the price target from $32 to $26.
While the maintenance of an Overweight rating indicates a positive outlook on SHLS by JP Morgan, the reduction in the price target could signal a tempered expectation for the stock's short-term growth potential. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the positive rating against the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100