RBC Capital Maintains Outperform on Shoals Technologies Gr, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos has maintained an Outperform rating on Shoals Technologies Group (NASDAQ:SHLS) but lowered the price target from $20 to $17.

February 29, 2024 | 5:54 pm
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RBC Capital maintains an Outperform rating on Shoals Technologies Group but lowers the price target from $20 to $17.
The adjustment in price target by RBC Capital, while maintaining an Outperform rating, suggests a positive outlook on SHLS's fundamentals but acknowledges external or internal factors that may have led to a more conservative valuation. This could lead to a neutral short-term impact on the stock as the market digests the lowered price target against the backdrop of continued analyst confidence.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100