Oppenheimer Maintains Outperform on Canadian Solar, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Colin Rusch maintains an Outperform rating on Canadian Solar (NASDAQ:CSIQ) but lowers the price target from $43 to $27.
August 23, 2024 | 1:18 pm
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Oppenheimer maintains an Outperform rating on Canadian Solar but lowers the price target from $43 to $27, indicating a more cautious outlook.
The maintenance of an Outperform rating suggests continued confidence in Canadian Solar's performance, but the significant reduction in the price target from $43 to $27 indicates a more cautious outlook on the stock's potential upside. This could lead to short-term downward pressure on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100