Citigroup Downgrades Shoals Technologies Gr to Sell, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Vikram Bagri has downgraded Shoals Technologies Gr (NASDAQ:SHLS) from Buy to Sell and lowered the price target from $15 to $5.

July 02, 2024 | 1:13 pm
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Citigroup analyst Vikram Bagri has downgraded Shoals Technologies Gr from Buy to Sell and significantly lowered the price target from $15 to $5.
The downgrade from Buy to Sell and the drastic reduction in the price target from $15 to $5 by a major financial institution like Citigroup is likely to have a negative impact on Shoals Technologies Gr's stock price in the short term. This indicates a lack of confidence in the company's near-term performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100