Roth MKM Downgrades JinkoSolar Holding Co to Neutral, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen downgrades JinkoSolar Holding Co (NYSE:JKS) from Buy to Neutral and lowers the price target from $50 to $25.
March 21, 2024 | 3:48 pm
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NEGATIVE IMPACT
Roth MKM downgraded JinkoSolar Holding Co to Neutral from Buy and cut the price target to $25 from $50.
The downgrade from Buy to Neutral by a significant analyst, along with a substantial reduction in the price target, is likely to negatively impact investor sentiment and could lead to a short-term decrease in JinkoSolar's stock price. Analyst ratings and price targets are closely watched by investors as indicators of a stock's future performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100