Barclays Maintains Equal-Weight on Shoals Technologies Gr, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Christine Cho maintains an Equal-Weight rating on Shoals Technologies Group (NASDAQ:SHLS) and lowers the price target from $13 to $12.

May 09, 2024 | 3:36 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Barclays maintains an Equal-Weight rating on Shoals Technologies Group and lowers the price target from $13 to $12.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in SHLS's stock price. The maintenance of an Equal-Weight rating indicates a neutral long-term outlook, but the lowered price target suggests concerns about the company's near-term valuation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100