TD Cowen Maintains Buy on Shoals Technologies Gr, Lowers Price Target to $11
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jeffrey Osborne maintains a Buy rating on Shoals Technologies Gr (NASDAQ:SHLS) but lowers the price target from $15 to $11.

May 08, 2024 | 5:19 pm
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NEUTRAL IMPACT
TD Cowen maintains a Buy rating on Shoals Technologies Gr but lowers the price target from $15 to $11.
While the reduction in price target from $15 to $11 by TD Cowen could suggest a tempered outlook on the stock's short-term price potential, the maintenance of a Buy rating indicates continued confidence in 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 75
RELEVANCE 100