BMO Capital Initiates Coverage On Array Technologies with Market Perform Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ameet Thakkar initiates coverage on Array Technologies (ARRY) with a Market Perform rating and a price target of $16.

March 22, 2024 | 10:11 am
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BMO Capital initiated coverage on Array Technologies with a Market Perform rating and a price target of $16.
The initiation of coverage by BMO Capital with a Market Perform rating and a specific price target provides investors with a new professional analysis to consider. However, the 'Market Perform' rating suggests that the analyst believes ARRY will perform in line with the market, which does not imply a strong bullish or bearish stance. Therefore, the short-term impact on the stock price might be neutral, as the market absorbs this new information and aligns it with existing expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100