Truist Securities Maintains Buy on NEXTracker, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on NEXTracker but lowered its price target from $65 to $50.

October 16, 2024 | 2:39 pm
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NEUTRAL IMPACT
Truist Securities has maintained a Buy rating on NEXTracker but lowered its price target from $65 to $50.
The maintenance of a Buy rating suggests continued confidence in NEXTracker's performance, but the lowered price target indicates a more cautious outlook on its valuation. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100