Shoals Technologies Group shares are trading lower after Citigroup downgraded the stock from Buy to Sell and lowered its price target from $15 to $5.
Portfolio Pulse from Benzinga Newsdesk
Shoals Technologies Group shares are trading lower after Citigroup downgraded the stock from Buy to Sell and lowered its price target from $15 to $5.
July 02, 2024 | 1:22 pm
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NEGATIVE IMPACT
Shoals Technologies Group shares are experiencing a decline following a downgrade by Citigroup from Buy to Sell, with a significant reduction in the price target from $15 to $5.
The downgrade from a major financial institution like Citigroup, coupled with a drastic reduction in the price target, is likely to negatively impact investor sentiment and lead to a short-term decline in SHLS stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100