Deutsche Bank Maintains Hold on SolarEdge Technologies, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Corinne Blanchard has maintained a Hold rating on SolarEdge Technologies (SEDG) and lowered the price target from $75 to $55.
May 10, 2024 | 4:37 pm
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Deutsche Bank maintains a Hold rating on SolarEdge Technologies and reduces the price target from $75 to $55.
The reduction in price target by a significant margin suggests a bearish outlook on the stock by Deutsche Bank, which could lead to a negative short-term impact on SEDG's stock price. The Hold rating indicates that the bank does not see significant upside or downside from the current level, but the lowered price target is a clear negative signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100