SolarEdge Technologies shares are trading lower after JP Morgan maintained an Overweight rating on the stock but lowered its price target from $73 to $59.
Portfolio Pulse from Benzinga Newsdesk
SolarEdge Technologies shares are trading lower after JP Morgan maintained an Overweight rating on the stock but lowered its price target from $73 to $59.
June 20, 2024 | 12:09 pm
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SolarEdge Technologies shares are trading lower after JP Morgan maintained an Overweight rating on the stock but lowered its price target from $73 to $59.
The reduction in the price target by JP Morgan from $73 to $59, despite maintaining an Overweight rating, suggests a less optimistic outlook on the stock's short-term performance. This has led to a decline in SolarEdge Technologies' share price.
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IMPORTANCE 80
RELEVANCE 100