Roth MKM Maintains Buy on Array Technologies, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Philip Shen maintains a Buy rating on Array Technologies (ARRY) but lowers the price target from $25 to $20.
May 09, 2024 | 1:11 pm
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NEUTRAL IMPACT
Roth MKM maintains a Buy rating on Array Technologies but lowers the price target from $25 to $20.
The adjustment in price target by Roth MKM, while maintaining a Buy rating, suggests a positive outlook on ARRY's fundamentals but acknowledges short-term challenges or valuation adjustments. This could lead to mixed reactions in the market, with the maintained Buy rating providing support to the stock price, while the lowered price target could temper expectations, leading to a neutral short-term impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100