TD Cowen Maintains Buy on FTC Solar, Lowers Price Target to $1
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Jeffrey Osborne maintains a Buy rating on FTC Solar (NASDAQ:FTCI) but lowers the price target from $1.5 to $1.
August 09, 2024 | 6:18 pm
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TD Cowen analyst Jeffrey Osborne maintains a Buy rating on FTC Solar but lowers the price target from $1.5 to $1.
The Buy rating suggests confidence in the company's long-term prospects, but the lowered price target indicates short-term challenges or lower-than-expected performance. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100