Goldman Sachs Maintains Sell on JinkoSolar Holding Co, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Brian Lee maintains a Sell rating on JinkoSolar Holding Co (NYSE:JKS) and lowers the price target from $21 to $18.
September 03, 2024 | 1:39 pm
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NEGATIVE IMPACT
Goldman Sachs has reiterated its Sell rating on JinkoSolar and reduced the price target from $21 to $18, indicating a bearish outlook.
The reduction in price target from $21 to $18 by a major financial institution like Goldman Sachs suggests a negative outlook on JinkoSolar's stock. This is likely to influence investor sentiment negatively, leading to potential short-term price declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100