Guggenheim Maintains Buy on Array Technologies, Lowers Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Joseph Osha maintains a Buy rating on Array Technologies (NASDAQ:ARRY) but lowers the price target from $18 to $14.
August 16, 2024 | 5:05 pm
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NEUTRAL IMPACT
Guggenheim analyst Joseph Osha maintains a Buy rating on Array Technologies but lowers the price target from $18 to $14.
The Buy rating suggests continued confidence in the company's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100