JP Morgan Maintains Overweight on Shoals Technologies Gr, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Paul Coster maintains an Overweight rating on Shoals Technologies Gr (NASDAQ:SHLS) but lowers the price target from $14 to $12.

October 17, 2024 | 2:38 pm
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JP Morgan has maintained its Overweight rating on Shoals Technologies Gr but has lowered the price target from $14 to $12, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in Shoals Technologies Gr, but the reduction in the price target from $14 to $12 indicates a more cautious outlook on the stock's potential upside. This could lead to a short-term negative impact on the stock price as investors adjust their expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100