BMO Capital Initiates Coverage On NEXTracker with Market Perform Rating, Announces Price Target of $69
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ameet Thakkar has initiated coverage on NEXTracker (NASDAQ:NXT) with a Market Perform rating and set a price target of $69.
March 22, 2024 | 10:13 am
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NEUTRAL IMPACT
BMO Capital has initiated coverage on NEXTracker with a Market Perform rating and a price target of $69.
The initiation of coverage by BMO Capital with a Market Perform rating suggests a neutral outlook on NEXTracker's stock in the short term. The price target of $69 indicates the analyst's expectation of where the stock price could head, but the 'Market Perform' rating does not suggest significant upside or downside. Therefore, the impact on the stock price is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100