Scotiabank Maintains Sector Outperform on Array Technologies, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Scotiabank analyst Tristan Richardson maintains a Sector Outperform rating on Array Technologies (NASDAQ:ARRY) but lowers the price target from $25 to $18.
April 29, 2024 | 6:44 pm
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Scotiabank maintains a Sector Outperform rating on Array Technologies but lowers the price target from $25 to $18.
While the maintenance of a Sector Outperform rating by Scotiabank indicates a positive outlook on Array Technologies, the reduction in the price target from $25 to $18 suggests a tempered expectation for the stock's short-term price performance. This mixed signal could lead to neutral market reaction in the short term as investors weigh the positive rating against the lowered price expectations.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100