Cantor Fitzgerald Maintains Overweight on Shoals Technologies Gr, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Cantor Fitzgerald analyst Derek Soderberg has maintained an Overweight rating on Shoals Technologies Group (NASDAQ:SHLS) but lowered the price target from $24 to $14.

May 08, 2024 | 4:48 pm
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Cantor Fitzgerald maintains an Overweight rating on Shoals Technologies Group but reduces the price target from $24 to $14.
The reduction in the price target from $24 to $14 by a reputable analyst firm like Cantor Fitzgerald suggests a reassessment of the company's future growth prospects or market conditions, potentially leading to a negative short-term impact on the stock price. The Overweight rating indicates a positive view on the stock's future performance, but the significant cut in the price target could lead to investor uncertainty and a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100