Roth MKM Downgrades Shoals Technologies Gr to Neutral, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen downgraded Shoals Technologies Gr (NASDAQ:SHLS) from Buy to Neutral and reduced the price target from $15 to $8, indicating a more cautious outlook on the company's stock.

May 08, 2024 | 9:52 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Shoals Technologies Gr was downgraded by Roth MKM from Buy to Neutral, with a significant reduction in price target from $15 to $8.
The downgrade from Buy to Neutral by a notable analyst, accompanied by a nearly 50% reduction in price target, suggests a significant shift in market sentiment towards Shoals Technologies Gr. This is likely to influence investor perception negatively in the short term, potentially leading to a decrease in stock price as market participants adjust their expectations.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100