Oppenheimer Upgrades Array Technologies to Outperform, Announces $20 Price Target
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Colin Rusch upgrades Array Technologies (NASDAQ:ARRY) from Perform to Outperform and sets a $20 price target.

May 10, 2024 | 12:14 pm
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Array Technologies was upgraded by Oppenheimer from Perform to Outperform with a new price target of $20, indicating a positive outlook on the stock.
Analyst upgrades typically lead to a positive short-term reaction in the stock market as they reflect a positive change in the stock's outlook. The upgrade from Perform to Outperform suggests that Oppenheimer sees significant upside potential for Array Technologies, and the $20 price target further quantifies this optimism. Investors often view such upgrades as a signal to buy, which can drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100