Truist Securities Maintains Buy on Shoals Technologies Gr, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Shoals Technologies Group (NASDAQ:SHLS) but has lowered the price target from $10 to $8.
September 06, 2024 | 2:50 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on Shoals Technologies Group but has lowered the price target from $10 to $8, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Shoals Technologies Group's potential, but the lowered price target indicates a more cautious outlook on its short-term performance. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100