Morgan Stanley Maintains Equal-Weight on SolarEdge Technologies, Lowers Price Target to $41
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Andrew Percoco maintains an Equal-Weight rating on SolarEdge Technologies (NASDAQ:SEDG) but lowers the price target from $83 to $41.
June 26, 2024 | 11:52 am
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NEGATIVE IMPACT
Morgan Stanley has maintained its Equal-Weight rating on SolarEdge Technologies but significantly lowered the price target from $83 to $41.
The significant reduction in the price target from $83 to $41 by a major financial institution like Morgan Stanley is likely to negatively impact investor sentiment and the stock price of SolarEdge Technologies in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100