Goldman Sachs Maintains Buy on Shoals Technologies Gr, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee maintains a Buy rating on Shoals Technologies Gr (NASDAQ:SHLS) but lowers the price target from $26 to $23.
March 01, 2024 | 2:37 pm
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Goldman Sachs maintains a Buy rating on Shoals Technologies Gr but lowers the price target from $26 to $23.
While the reduction in price target could suggest a more cautious outlook on the stock's short-term price performance, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the sustained Buy rating.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100