Northland Capital Markets Downgrades Shoals Technologies Gr to Underperform, Lowers Price Target to $6
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets analyst Donovan Schafer downgraded Shoals Technologies Gr (NASDAQ:SHLS) from Market Perform to Underperform and reduced the price target from $12 to $6.
May 08, 2024 | 3:50 pm
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Shoals Technologies Gr was downgraded by Northland Capital Markets from Market Perform to Underperform, with a price target reduction from $12 to $6.
The downgrade by a notable analyst firm directly impacts investor perception and could lead to a decrease in stock price in the short term. The significant reduction in price target suggests a bearish outlook on the company's valuation and future performance.
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IMPORTANCE 90
RELEVANCE 100