Wells Fargo Maintains Equal-Weight on SolarEdge Technologies, Lowers Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Michael Blum maintains an Equal-Weight rating on SolarEdge Technologies (NASDAQ:SEDG) but lowers the price target from $62 to $29.
July 02, 2024 | 4:03 pm
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Wells Fargo has maintained an Equal-Weight rating on SolarEdge Technologies but significantly lowered the price target from $62 to $29, indicating a bearish outlook.
The significant reduction in the price target from $62 to $29 by Wells Fargo suggests a bearish outlook on SolarEdge Technologies. This is likely to negatively impact the stock price in the short term as investors react to the lowered expectations.
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