BMO Capital Maintains Market Perform on NEXTracker, Lowers Price Target to $44
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Ameet Thakkar has maintained a Market Perform rating on NEXTracker (NASDAQ:NXT) but has lowered the price target from $56 to $44.
October 14, 2024 | 4:56 pm
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NEGATIVE IMPACT
BMO Capital has maintained a Market Perform rating on NEXTracker but reduced the price target from $56 to $44, indicating a more cautious outlook.
The reduction in price target from $56 to $44 by BMO Capital suggests a less optimistic view on NEXTracker's future performance, which could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100