RBC Capital Maintains Sector Perform on SolarEdge Technologies, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Chris Dendrinos has maintained a Sector Perform rating on SolarEdge Technologies (NASDAQ:SEDG) but has lowered the price target from $35 to $25.
October 15, 2024 | 12:39 pm
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RBC Capital has maintained a Sector Perform rating on SolarEdge Technologies but reduced the price target from $35 to $25, indicating a less optimistic outlook.
The reduction in price target from $35 to $25 by RBC Capital suggests a less favorable view on SolarEdge's near-term performance. Maintaining the Sector Perform rating indicates that the stock is expected to perform in line with the sector, but the lowered target reflects potential challenges or lower growth expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100