Barclays Upgrades Array Technologies to Overweight, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Christine Cho upgraded Array Technologies (ARRY) from Equal-Weight to Overweight and increased the price target from $15 to $18.

April 02, 2024 | 6:58 pm
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POSITIVE IMPACT
Array Technologies upgraded by Barclays from Equal-Weight to Overweight with a price target increase from $15 to $18.
Upgrades by major financial institutions like Barclays often lead to positive investor sentiment and can result in a short-term increase in stock price. The upgrade from Equal-Weight to Overweight suggests a bullish outlook on ARRY by Barclays, and the increase in price target from $15 to $18 indicates a strong confidence in the company's future performance. This is likely to attract more investors to ARRY, potentially driving up its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100