Roth MKM Maintains Buy on Shoals Technologies Gr, Lowers Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen maintains a Buy rating on Shoals Technologies Group (NASDAQ:SHLS) but lowers the price target from $20 to $15.

May 07, 2024 | 2:03 pm
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Roth MKM maintains a Buy rating on Shoals Technologies Group but lowers the price target from $20 to $15.
While the reduction in the price target from $20 to $15 by Roth MKM could suggest a tempered outlook on the stock's short-term price potential, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal could lead to neutral short-term price movement as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100