Guggenheim Maintains Buy on First Solar, Lowers Price Target to $356
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Joseph Osha maintains a Buy rating on First Solar (NASDAQ:FSLR) but lowers the price target from $359 to $356.
May 02, 2024 | 6:20 pm
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Guggenheim maintains a Buy rating on First Solar but lowers the price target from $359 to $356.
The adjustment in price target by Guggenheim reflects a slight recalibration of expectations for First Solar, likely due to market conditions or company-specific factors not detailed in the news. The maintenance of a Buy rating indicates continued confidence in the company's fundamentals and growth prospects. The slight decrease in the price target may have a neutral to mildly negative short-term impact on the stock price, as it suggests a minor adjustment in valuation expectations without altering the overall positive outlook.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100