Barclays Maintains Underweight on SolarEdge Technologies, Lowers Price Target to $17
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Christine Cho has maintained an Underweight rating on SolarEdge Technologies (NASDAQ:SEDG) and lowered the price target from $26 to $17.
October 11, 2024 | 3:39 pm
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Barclays has maintained an Underweight rating on SolarEdge Technologies and reduced the price target from $26 to $17, indicating a bearish outlook.
The reduction in price target from $26 to $17 by Barclays, along with the maintained Underweight rating, suggests a negative outlook on SolarEdge's stock performance. This is likely to lead to a short-term decrease in stock price as investors react to the bearish sentiment.
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